The consulting firm won the bidding process to develop the investment regime for the new generational funds with their respective benchmark portfolios.
Mercer’s experience with sovereign wealth funds wins over Pensions Superintendency
CCR Monthly Approval Report – July 2025
A total of 14 products were added in the month from seven different asset managers: Greenbriar, Franklin Templeton, LBPAM, Niam AB., Morgan Stanley, Pictet and UBAM.
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.
CCR Monthly Approval Report – June 2025
In June, Allianz, iShares, Jupiter, Lord Abbett, Vontobel, Wellington, Energy Capital Partners, Pemberton AM, and Ridgemont Equity Partners were the fund sponsors gaining approval for new products.
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.
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.
Osvaldo Macias to step down from Chile’s Pension Regulator
Ministry launches search for successor to oversee reform implementation.
AFPs face internal, judicial and technical challenges
Paulina Yazigi, president of the AFP Association, and the industry executives are personally taking a very active role in the discussion on the new pension system to be implemented in the future, especially migration from the multifunds to the generational funds.









