Industry actors have shown themselves open to accepting radical changes, apparently in line with the new direction set by the incoming Bachelet administration.
Source: Performance-fee model for Afores will not stall mandate rollout
January 16, 2014 by
This measure is part of a larger reform package slated to be submitted to Congress for debate in late 2014. The same package is likely to contain an increase in the international-allocation limit, which has been stuck at the 20% level since 2003.
Mexican government proposal would tie part of management fee to performance
December 11, 2013 by
The proposal, which would reward higher-performing Afores with larger fees and punish those poorer performers, was immediately panned by the local pension industry association, the Amafore.
