Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and create new opportunities for product distribution and partnerships.
Colombian Government steps back from pension fund repatriation
A newly released draft decree on capital markets development omits any reference to mandatory repatriation, signaling a shift toward strengthening local markets through regulatory reform rather than direct intervention—at least for now.
Chile clarifies the rules for the creation of new AFPs
New regulations from the Superintendency of Pensions define capital, governance, and outsourcing requirements.
CCR Monthly Approval Report – November 2025
Alpheon, Danske, DPAM, Fidelity, Global X, iShares, Sixth Street, T. Rowe Price and Wellington were the fund sponsors gaining approval for new products in November.
Mercer and CFA urge for sustainable pension systems
Latin American pension systems show sharp disparities in the Mercer–CFA Institute Global Pension Index, with Chile leading, Colombia and Peru lagging, and Argentina at the bottom.
ACHAI estimates that 300 advisors will be registered by the end of 2025
With new regulations, stronger investor protection, and rising demand for independent advice, the role of financial advisors in the Chilean market is likely to deepen in the coming years.
CCR Monthly Approval Report – October 2025
Xtrackers got 37 of its ETFs registered in the month, while UBS had one equity mutual fund approved.
Digital shares are reducing fees in the Chilean mutual fund market
As asset management industry embraces digital channels, investors gain from lower fees, streamlined access, and higher net returns—reshaping competition and accelerating market efficiency.
HMC Capital appoints Cristian Reynal as head of wholesale – Southern Cone
The investment firm, which manages and advises more than USD 21 billion, strengthens its distribution structure with the appointment of the executive, who will lead commercial initiatives for Argentina and Uruguay.
Brazilian pension funds to broaden global exposure as monetary easing takes hold
Despite third-quarter outflows from global products, asset managers expect a trend reversal in the coming months. Franklin Templeton’s Daniel Popovich observes “a clear move to diversify internationally” as institutions prepare to rebuild offshore positions.










