Central Bank boosts international limit for Peruvian AFPs

The increase will encourage AFPs to continue to diversify their investments abroad just as they approached the previous limit of 44%.

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Compass puts ex-BlackRock pro in charge of Lima office

Compass has promoted Jorge Díaz to head of its Lima office, after joining the firm a year ago to lead relations with institutional clients in the region. Díaz had worked for seven years at BlackRock in charge of selling iShares in Chile and Peru.

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New CIO installed at AFP Integra

Roberto Melzi, who at one time was head of fixed-income at the Sura-owned pension manager, most recently had broader responsibilities for Sura Investment Management across the region.

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Sura to abandon Peruvian insurance and mortgage market to further develop AFP and wealth biz

Seguros Sura Peru will be absorbed by Intercorp’s insurance company Interseguro to make the latter one of the largest Peruvian insurance companies in terms of assets

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Peru convenes commission to target comprehensive pension reform

Speaking to Fund Pro Latin America, Jorge Mogrovejo of Peru's Superintendencia de Banca y Seguros y AFP, said regulations allowing 65-year-olds to withdraw 95% of their pension savings will be studied as part of a broader reform.

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PPK would seek to reverse damaging law allowing retiree withdrawal of pension assets

In one month alone, withdrawals of around USD 300 million were made, and it is estimated that in one year withdrawals could reach 10% of the total Peruvian pension fund.

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BNP Securities Services launches locally in Peru

“We are committed to the Latin American region where we have been expanding our network and developing a strong local know-how. Peru is an exciting addition," said Alvaro Camuñas, head of BNP Paribas Securities Services Spain and Latin America.

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Permitting early withdrawals of AFP assets a blow to Peruvian system

Eduardo Morón Pastor, a social security expert, believes the end game of Peruvian lawmakers is to make pension savings voluntary.

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Prima AFP names new investment manager

José Larrabure will be the Peruvian pension manager's new head of investments beginning on May 1, 2016. He replaces José Antonio Roca.

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Managers upbeat on new investment regulations for Peruvian insurers

Insurers' new ability to allocate a portion of their technical reserves in funds investing in real estate, infrastructure projects, receivables, leasing operations, factoring operations, and private equity pleased Daniel Dancourt, CEO of HMC Capital in Peru.

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