The bidding process for 10% of existing participants is one of the issues of most concern to players in this market.
Congress passes reform confirming the individually funded model
February 3, 2025 by
With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.
Mid-January is the deadline for choosing a pension manager
January 3, 2025 by
In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.
At the end of July, processing of new pension withdrawals begins
July 12, 2024 by
Although there is some consensus on the inconvenience of this mechanism, the appearance of certain populist enticements could influence the process.
Congress approves pension reform
June 11, 2024 by
The legislation now goes to the president who could return it to Congress, although he is expected to sign it. The main issues for AFPs are new players, the productivity fee and the end of withdrawals.
Outlook for pension reform looks fairly good but with deadlines
March 4, 2024 by
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
Chilean Senate to begin reviewing pension reform in March
February 21, 2024 by
The text passed by the Chamber of Deputies will go through a debate stage, which is expected to be tough and complex, and may not be voted on until the last half of the year.
Peru, Colombia and Chile raise basic pensions
February 8, 2024 by
The 2023 inflation adjustment measures have been presented in the framework of the debate on the reforms to the private pension system.
Industry associations prepare arguments for repositioning of pension debate
January 15, 2024 by
The main concern is the fiscal cost and the impact on the financial market.
Peruvian government proposes pension system reform
November 29, 2023 by
Prohibition of new withdrawals and entry of new players into pension fund management are some of the innovations.
