After incorporating industry feedback, the Chilean regulator has broadened portfolio bands and tracking-error limits, giving AFPs greater flexibility in implementing generational investment strategies.
The risk of renewed herding in Chile’s generational funds
AFPs are calling for wider deviation bands and greater flexibility in the selection of benchmarks to ensure that performance incentives do not ultimately push managers toward overly similar investment strategies.
Peruvian pension fund members can switch to balance-based fees
The voluntary measure could give approximately 1.8 million members who entered the system before 2013 and did not take advantage of the original switching window the opportunity to migrate to the new fee structure.
New pension superintendent reduces lifecycle funds to ten
AFPs had previously warned the outgoing administration that managing 15 separate lifecycle portfolios would create significant operational challenges.
Peru moves toward a new pension portability framework
Beginning in September, workers will be able to transfer between Peru's private and public pension systems.
Pension reform also reshapes rules on indirect investment fees
Some of the new restrictions on management fees have been in force since April, while others will take effect alongside the rollout of Chile's new lifecycle funds.
Pension asset transfer dispute escalates ahead of Colombia’s presidential runoff
Government decree to shift roughly COP 25 trillion from private pension funds to the public system has been suspended by the Council of State.
Mandatory contributions for independent workers scrapped before taking effect
Reversal highlights political constraints on deepening Peru’s pension system.
Jupiter focuses on listening to its clients to navigate reforms in the region
“We see significant growth potential across Latin America, with Mexico, Chile, and Colombia standing out as markets where client demand and engagement are particularly strong,” said William Lopez, Head of Europe and Latin America at Jupiter Asset Management.
Chile’s pension regulator faces leadership transition and legal challenge from AFPs
Chile’s incoming administration has decided to appoint former CMF chairman Joaquín Cortez as head of the Pension Superintendency, replacing long-serving superintendent Osvaldo Macías.







