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.
Senate passes pension bill and lower house has a deadline of June 20
May 14, 2024 by
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.
Analysts doubt that President Boluarte will veto the seventh retirement bill
April 25, 2024 by
Internal political and governance situations are likely to push the executive into signing a bill that was passed with a large majority and multiparty support.
AFPs and managers prepare for opening in Alternatives
April 19, 2024 by
The Central Bank announced that the limits of three of the five multi-funds will be raised in August.
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.
AFPs likely to begin to receive an injection of flows from pension debts next year
February 2, 2024 by
The Superintendency of Banking, Insurance and AFPs (SBS) created a mechanism for regularizing debts which would transfer around USD 1.2 billion into the Private Pension System over the next 10 years.
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.
