Insurers have several complaints with the process, and warn that a redemption now will reduce payouts down the road, especially for vulnerable retirees.
Chilean law snuffs out market timer seen as nuisance by industry
April 6, 2021 by
A bill requiring that pension advisories register with regulators and hold an insurance policy led to the closure of local pariah Felices y Forrados.
New manager Fintual targets millennial Chileans with online-only offering
July 31, 2020 by
Tech-savvy fund manager Fintual has built a proprietary platform catering to 16,000 clients. It aims to hit USD 200 million in AUM by year end, says portfolio manager Stella Melaragno.
Chilean retirement regime needs more creativity and flexibility, says mutual fund trade group
March 30, 2020 by
"We believe in giving priority to providing greater flexibility and incentives to generate more savings, AAFM general manager Mónica Cavallini told Fund Pro Latin America.
Life insurers in legal battle to prevent client profits from being taxed
April 26, 2019 by
The Court of Appeals is analyzing the case. A decision against insurers could discourage people from using life insurance vehicles for savings, and push more clients to mutual funds.
Asset managers anxious as banking regulator is absorbed by Financial Market Commission
May 31, 2019 by
Given their strong dependence on the banking system, the Chilean asset management industry is on edge over future compliance requirements that the CMF may impose.
Menu of voluntary-retirement products likely to expand with derivatives ruling
October 1, 2018 by
Before the easing of rules by Chile's Financial Market Commission, fund managers (AGFs) had been unable to launch a retirement-share-class for any fund whose investment policy allowed the use of derivatives for speculative purposes.
