The Superintendencia de Pensiones has proposed a new lifecycle regime set to take effect in 2027, including benchmark portfolios and structural reviews every three years.
Chile’s FAPP Investment framework delays alternatives allocation
New rules impose a 24-month ban on private markets, cap equities at 60%, and set a 50–80% international allocation range.
ETF listings approved by the CCR reach 875 products
Asset managers are expanding their ETF footprint in anticipation of asset allocation shifts driven by Chile’s pension reform, positioning themselves for the transition to a generational fund structure.
CMF consolidates AGF regulations, raising compliance and operational demands
Nearly 80 separate regulations will now be consolidated into a single regulatory framework, incorporating enhanced disclosure requirements and international best practices.
Former AFP Capital executive leads new AFP initiative
This would be the fourth initiative currently under evaluation or in the planning stages by their respective sponsors.
Nuveen has agreed to acquire Schroders in a USD 13.5 billion deal
The acquisition will create a combined group with USD 2.5 trillion of assets under management.
Brazilian investors expand international ETF exposure, eyeing diversification in 2026
Executives from Investo, HMC Capital and Franklin Templeton highlight growing institutional demand for international ETFs and active funds, driven by portfolio rebalancing, currency dynamics, geopolitical risks and the search for diversification and resilience in 2026.
CCR Monthly Approval Report – January 2026
Sponsors gaining approval were Amundi, Azimut, Blue Owl Capital, Echiquier, Eurazeo, Invesco, iShares, Leonard Green and M&G.
SP sets limits on indirect fees
In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.







