The government's proposal on generational funds has gained some consensus in the market and closely aligns with ideas presented by the AFP Association. It also has the potential to unlock greater long-term investment opportunities for pension managers.
AFPs emerge strengthened after enactment of pension reform
Despite the entry of new players, several measures are being considered to increase contributions to the individual accounts of their participants.
Insurance companies and municipal savings banks gear up for the pension business in Peru
The pension reform to be enacted by the Executive allows new players to enter the sector in a bid to promote competition and reduce fees.
Bidding process for participants gains broad support from economists
The mechanism is included in the pension reform but there are a range of proposals on what form it should take.
At the end of July, processing of new pension withdrawals begins
Although there is some consensus on the inconvenience of this mechanism, the appearance of certain populist enticements could influence the process.
Fast-track passage of pension reform could end up in the Constitutional Court
The government has already announced a corrective bill to resolve some shortcomings not analyzed by the House of Representatives.
Bravo Commission 2.0 faces skepticism amidst controversy in pension reform debate
The pension reform remains stalled in the Senate Labor Committee amid intense political negotiations.
Senate passes pension bill and lower house has a deadline of June 20
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.