New regulatory frameworks are reshaping international allocations and long-term strategies, with implications for international asset managers targeting the Andean institutional market.
USD 383 billion in pension AUM undergo strategic shift amid reforms in Andean region
International managers surprised by Petro’s announcement
In the midst of implementing pension reform, the Colombian president has taken a gamble by prohibiting investment of workers' savings abroad.
Chile’s additional pension contribution will impact AFPs from 2028
Beginning in August 2025, Chile will initiate a gradual increase in employer-funded pension contributions; however, individual AFP accounts will see minimal impact at first.
Discussion on eighth pension withdrawal postponed until August
The Congressional Economics Committee decided to wait for publication of the pension reform regulations.
ACCAIs face the challenge of retaining contributors with high balances
The pension reform opened a window of opportunity for contributors who are less than ten years away from retirement to move from the private to the public regime, and vice versa.
Fund managers look ahead to FAPP mandates
Once the investment regime is defined, the Board of Directors of the Autonomous Pension Protection Fund (FAPP) will proceed to hold a bidding process for its portfolio.
Bidding for new participants may have generated savings of USD 1.6 billion
Profuturo AFP began to receive new participants to the system with a 0.68% annual balance fee.
AFM launches protocol for ESG fund classification
At the end of April, 18 funds were offered in Chile in this category.
Implementation of pension reform gets underway
An increase of one percentage point in participants’ contributions is scheduled for August this year, and the transfer of 10% of current participants should be completed by June 2028 following the result of the bidding process.
Ameris appointed as liquidator for Sartor funds
The measure was enacted by the CMF in response to a petition submitted by Credicorp Capital, the sole investor in the two Sartor-funds.










