The pension reform remains stalled in the Senate Labor Committee amid intense political negotiations.
Congress approves pension reform
The legislation now goes to the president who could return it to Congress, although he is expected to sign it. The main issues for AFPs are new players, the productivity fee and the end of withdrawals.
Senate passes pension bill and lower house has a deadline of June 20
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.
Anka Safi registers its funds in the integrated Latin American Market
The Peruvian fund manager has two factoring funds, one in soles and one in dollars.
Skandia identifies growing interest in investing outside Colombia
In the wake of the uncertainty created by the pension reform debate, some wealth investors have opted to expand their positions in international equity.
Analysts doubt that President Boluarte will veto the seventh retirement bill
Internal political and governance situations are likely to push the executive into signing a bill that was passed with a large majority and multiparty support.
AFPs and managers prepare for opening in Alternatives
The Central Bank announced that the limits of three of the five multi-funds will be raised in August.
Bice-Security merger will create fourth largest mutual fund manager
The combined assets under management of both mutual fund managers is close to CLP 6.0 trillion (USD 6.5 billion).
AFP Integra strengthened with new partner from Apoyo Group
José Carlos Saavedra Solano took over the top job of the pension fund manager.
Outlook for pension reform looks fairly good but with deadlines
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.