This would be the fourth initiative currently under evaluation or in the planning stages by their respective sponsors.
SP sets limits on indirect fees
February 4, 2026 by
In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.
SBS promotes the interconnection of financial services and retirement savings
December 30, 2025 by
Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and create new opportunities for product distribution and partnerships.
Chile clarifies the rules for the creation of new AFPs
December 22, 2025 by
New regulations from the Superintendency of Pensions define capital, governance, and outsourcing requirements.
Political upheaval and eighth withdrawal threaten Peru’s pension assets
October 17, 2025 by
Congress ousts President Boluarte amid crisis, approves new pension withdrawals, and reopens debate over a reform that has already reduced pension fund assets to just 10% of GDP.
Eighth pension withdrawal deepens uncertainty over Peruvian private system
September 24, 2025 by
Congress approves new law enabling withdrawals of up to USD 7.6 billion, reinstating 95.5% payout at retirement and repealing mandatory self-employed contributions.
International managers surprised by Petro’s announcement
July 28, 2025 by
In the midst of implementing pension reform, the Colombian president has taken a gamble by prohibiting investment of workers' savings abroad.
Chile’s additional pension contribution will impact AFPs from 2028
July 18, 2025 by
Beginning in August 2025, Chile will initiate a gradual increase in employer-funded pension contributions; however, individual AFP accounts will see minimal impact at first.
ACCAIs face the challenge of retaining contributors with high balances
June 27, 2025 by
The pension reform opened a window of opportunity for contributors who are less than ten years away from retirement to move from the private to the public regime, and vice versa.
Fund managers look ahead to FAPP mandates
June 25, 2025 by
Once the investment regime is defined, the Board of Directors of the Autonomous Pension Protection Fund (FAPP) will proceed to hold a bidding process for its portfolio.
