Meanwhile, several plans of consolidating pension schemes and even eliminating the AFPs are also being tossed about.
March could be critical for pension reform in Peru
The government’s announcement on pension reform has been clouded by new bills for a withdrawal of funds from AFPs.
Peru, Colombia and Bolivia move to facilitate flows between public, private systems
Migration of participants from one system to another is related to the reformist winds in the region.
BanBif: retail wealth that left Peru could remain abroad
"At the individual level alone, savings of around USD 8 billion have left Peru,” Roberto Montero, manager of BanBif's wealth banking division, told Fund Pro Latin America.
Peruvian AFPs given roadmap to scale back alternatives exposure
With the AFPs overexposed to these illiquid vehicles, the SBS issued guidance on how reduce positions while limiting the impact on returns and the market.
Peru’s economy ministry warns about further weakening AFP system
The Congress is still pining for an additional withdrawal that could be approved in the second quarter of 2022.
Peruvian insurer launches local fund line investing overseas
Fondos Max invest overseas using ETFs of JP Morgan, BlackRock and Vanguard, says Fernando Menéndez, investment manager of Vivir Seguros.
M&G and Picton sign distribution agreement for Chile and Peru
"Picton continues to expand its footprint in Latin America through a partnership with a world-class active asset management firm," said founding partner Matias Eguiguren.
Credicorp Capital seals alliance with Tyba for digital fund placement in Peru
The fund manager plans to double its size in the Peruvian mutual fund industry over the next five years.