Zamarripa, will succeed Guillermo Arthur, who led the Federation for over two decades. Additionally, FIAP’s internal structure was reinforced, with Karol Fernández serving as Executive Vice President.
Giovanna Pirale takes over the Presidency of FIAP
Peruvian economist Giovanna Pirale succeeds Chilean Guillermo Arthur, who led the organization for 24 years.
Regulatory change by Consar now allows Afores to invest in active ETFs
The regulatory update had been long awaited by several asset managers, who can now compete on a more level playing field for a market valued at approximately USD 50 billion.
Regulators focus on the special features of alternative assets
Solange Berstein and Osvaldo Macías favored adapting the offering to the liquidity of the underlying asset and preparing managers' teams to work with this asset class.
Consar updates Afore investment regime
Afores will be able to invest up to 30% in alternative products. Greater investment in national projects such as energy and infrastructure will be encouraged.
Generational funds could favor alternative assets
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.
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.