Mexico names new heads of securities and pensions commissions

While US-educated heads assumed their roles at the CNBV and Consar, Afore-friendly Carlos Noriega Curtis has joined the government in the finance ministry.

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AFP reform measures advance in Chilean legislature

There was movement on several fronts, including boosted contributions, the solidarity pillar, self-employed contributions and increased greater competition.

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CCR Monthly Approval Report – December 2018

Products from BNP Paribas, Lyxor, Fidelity, Amundi and Man won approval, as did Avenue Capital Group to offer its alternative products.

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Fee shakeup: Peru’s AFP Integra moves to 0% front-end load model

AFP Integra of Sura Group proposed charging only a management fee of 0.82%, while its competitors continue to charge front-end loads.

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CCR Monthly Approval Report – November 2018

Invesco, iShares, Vontobel, Allianz, LarrainVial, Macquaire, Nomura, Acadian, Amundi, Blackstone, Fortress and Permira were the fund sponsors gaining approval for new products.

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Mercer: Viability of corporate pensions requires reinstating 100% deductibility to plan sponsors

Reduction of deductibility from 100% to 53% as part of the 2014 Fiscal Reform paralyzed Mexico's private-pension fund industry, said Mercer Mexico's Ivette Maya.

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Pension Reform: AFPs, AGFs and insurers will battle for new pension flows

In a break for global managers, under President Sebastián Piñera's proposal, AFPs, AGFs and others would compete for the 40% increase in per-worker contributions to the retirement system.

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AFPs and insurers expecting changes to Peru’s 95.5% law

Giovanna Prialé, president of the AFP Association, said allowing workers to withdraw 95.5% of their savings at retirement has disrupted the objectives of the pension system.

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Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts

An IDB study found that retirees removing 95.5% of their pensions at age 65 made poor investment decisions or spent the money without regard for their future, noted Eduardo Morón, head of a Peruvian insurance group.

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CCR Monthly Approval Report – October 2018

MFS, Amundi, Invesco , Schroders, Franklin Templeton, Deutsche, and Nomura were among the fund sponsors gaining approval for new products in October 2018.

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