An IDB study found that retirees removing 95.5% of their pensions at age 65 made poor investment decisions or spent the money without regard for their future, noted Eduardo Morón, head of a Peruvian insurance group.
Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts
November 2, 2018 by
Chilean AFPs’ investment processes could soon incorporate ESG factors
October 25, 2018 by
Local managers are already starting to offer funds with this type of standard, while Moneda Asset Mgt. became the first fund manager in Chile to sign on to the United Nations' Principles for Responsible Investment (PRI).
Eduardo Montero to assume helm at Credicorp next January
October 19, 2018 by
Since mid-2016, the executive has been head of the wealth management division in charge of the private banking (UHNW clients) and also of the affluent segment (Super Afluente) segment in Atlantic Security Bank, a unit of the Credicorp group.
Swiss Advisors downplays delisting of absolute-return fund
October 1, 2018 by
While GAM's Multibond Absolute Return Bond Plus fund was delisted at the request of its manager, it still has has two additional total-return funds among the 20 registered with the CCR.
BlackRock presents its USD 160 billion alternatives platform to Latam market
October 1, 2018 by
During a visit in Santiago, Manuel Gutierrez-Mellado, alternative product strategist at BlackRock, noted that Latam institutionals have a global bias when investing in private capital and credit, and a local bias for infrastructure.
Menu of voluntary-retirement products likely to expand with derivatives ruling
October 1, 2018 by
Before the easing of rules by Chile's Financial Market Commission, fund managers (AGFs) had been unable to launch a retirement-share-class for any fund whose investment policy allowed the use of derivatives for speculative purposes.
Ignacio Montes leaves Credicorp Capital
September 13, 2018 by
The executive signaled that a new project is in the offing, but it was unclear whether he will remain in the asset management industry.
Peruvian regulator expands investment options for insurers
September 13, 2018 by
The SBS said investments in dual-currency fixed-coupon financial instruments (exchange notes) and structured capital-protected securities were now eligible options for Peruvian insurers.
Managers eye new pension contributions from self-employed in Chile
September 12, 2018 by
Unfortunately for AFPs and foreign managers receiving their allocations, the phase-in of these contributions and their partial diversion to social programs will equate to a negligible uptick in short-term flows.
AFPs looking to local banks and insurers to strengthen alternatives teams
August 15, 2018 by
New investment rules have provoked a hiring spree among Chilean AFPs, which are revamping their organizational structures on the strategy side to best take advantage of new investment opportunities.
