Sponsors of cross-border funds and ETFs reaped USD 92 million in fees in third quarter of 2013

During the third quarter of 2013, Chilean pension fund managers paid around USD 92 million in fees on their cross-border holdings.

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Fees, returns and reforms on the AFP agenda

Industry actors have shown themselves open to accepting radical changes, apparently in line with the new direction set by the incoming Bachelet administration.

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Source: Performance-fee model for Afores will not stall mandate rollout

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.

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Mexican government proposal would tie part of management fee to performance

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.

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