MetLife has argued that affiliate redemptions from annuity plans constitutes expropriation and violates the Chile-USA free-trade agreement.
Merged Principal-Metlife Afore names new CIO
May 21, 2018 by
Néstor Fernández, who has spent a great deal of his career with MetLife, was named head of investments of Principal Afore, following its acquisition of MetLife Afore.
Principal to buy MetLife’s Mexican pension operation
November 7, 2017 by
Principal's Roberto Walker said the acquisition strengthens the firm's commitment to Mexico’s pension system. The merged Afore would have close to USD 13 billion in AUMs.
Mexican Afores suffered a small drop in profits in 2015
April 8, 2016 by
Mexico's 11 Afore private-pension managers recorded net income of MXN 8.9 million (USD 516 million) in 2015, a 2% decline in local currency terms. Fee-based revenues of the managers were MXN 26.8 billion (USD 1.5 billion), an increase of roughly 5% for the year.
Afores boosted their private-equity exposure to 6% in 2015
March 7, 2016 by
During 2015 about USD 1 billion - through 19 issues - went to market, almost double the issues logged in the previous year. A local consulting firm says that there is another USD 1.9 billion dollars in the pipeline for upcoming CKDs.
BBVA sells peruvian pension unit
April 24, 2013 by
The bank is selling for USD516 million its pension unit in Peru to two separate pension firms, one controlled by Colombian financial conglomerate Grupo Sura and the other by Canada's Bank of Nova Scotia.
