The firm is said to be particularly interested in the Brazilian and Peruvian marketplaces, where life-insurance penetration is relatively low.
Colombian AFPs want more contributors in system, even if they receive less from each affiliate
June 12, 2018 by
Instead of two regimes (state-run pay-as-you-go and AFPs) competing, there should be a single system based on government social security and individual contributions to public and private AFPs, says the Colombian pension association.
Old Mutual wholesalers agree to distribute OMGI funds as independent company
April 17, 2018 by
Old Mutual Global Investors' US offshore and Latin American offshore sales team has gone independent, and will continue to offer OMGI funds - and perhaps other brands - via its newly established, Miami-based, third-party distribution firm.
Old Mutual to offload Latin American operations, including Colombian AFP
March 19, 2018 by
The Skandia name is set to be revived in Latin America by the prospective buyer, the Chinese-owned CMIG International.
iShares big beneficiary of Colombian AFP focus on emerging markets
October 6, 2016 by
The iShares MSCI Emerging Markets ETF was by far the biggest gainer for the month, with allocations coming from AFP Proteccion, with a USD 218 million deposit, and smaller amounts coming from Colfondos, Porvenir and Old Mutual.
Allocation from Colfondos bolsters Pictet European fund
September 13, 2016 by
The USD 150 million allocation juiced the AUMs of the Pictet Europe Index-I EUR product in June. Meanwhile, AFP Protección made some significant changes to its portfolio that impacted Morgan Stanley, iShares and Vanguard.
Mexican companies again look to fund their pensions despite loss of tax benefit
April 8, 2016 by
Old Mutual has seen a 20% fall in its private-pension business due to the removal of a tax break for plan sponsors, said Alberto Baigts, commercial director of institutional business in Mexico.
Old Mutual may put Mexican and Colombian retirement operations on the block
March 7, 2016 by
Old Mutual is said to be considering selling or spinning off its Latin American operations - including its retirement business in Mexico and AFP in Colombia - as part of a global restructuring.
Old Mutual signs cross-border distribution agreement with Uruguayan platform
November 26, 2014 by
The distribution agreement with the Uruguayan group, AIVA, will provide enhanced coverage for OMGI's product range in the US and Latin American offshore market.
Colombian unit of Old Mutual builds out its local business
July 2, 2014 by
The president of Old Mutual in Colombia, Daniel Cortés McAllister (photo), said the firm is intent on growing the mutual-fund and life-insurance businesses, and is also adding brokerage and real estate to its product portfolio.
