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.
AFP reform measures advance in Chilean legislature
January 7, 2019 by
There was movement on several fronts, including boosted contributions, the solidarity pillar, self-employed contributions and increased greater competition.
CCR Monthly Approval Report – December 2018
January 7, 2019 by
Products from BNP Paribas, Lyxor, Fidelity, Amundi and Man won approval, as did Avenue Capital Group to offer its alternative products.
Fee shakeup: Peru’s AFP Integra moves to 0% front-end load model
December 19, 2018 by
AFP Integra of Sura Group proposed charging only a management fee of 0.82%, while its competitors continue to charge front-end loads.
CCR Monthly Approval Report – November 2018
December 10, 2018 by
Invesco, iShares, Vontobel, Allianz, LarrainVial, Macquaire, Nomura, Acadian, Amundi, Blackstone, Fortress and Permira were the fund sponsors gaining approval for new products.
Mercer: Viability of corporate pensions requires reinstating 100% deductibility to plan sponsors
December 5, 2018 by
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.
Pension Reform: AFPs, AGFs and insurers will battle for new pension flows
November 12, 2018 by
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.
AFPs and insurers expecting changes to Peru’s 95.5% law
November 8, 2018 by
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.
Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts
November 2, 2018 by
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.
CCR Monthly Approval Report – October 2018
November 1, 2018 by
MFS, Amundi, Invesco , Schroders, Franklin Templeton, Deutsche, and Nomura were among the fund sponsors gaining approval for new products in October 2018.
