Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and create new opportunities for product distribution and partnerships.
Colombian Government steps back from pension fund repatriation
A newly released draft decree on capital markets development omits any reference to mandatory repatriation, signaling a shift toward strengthening local markets through regulatory reform rather than direct intervention—at least for now.
Chile clarifies the rules for the creation of new AFPs
New regulations from the Superintendency of Pensions define capital, governance, and outsourcing requirements.
Balanz unveils new RG 1030 global bond fund leveraging BlackRock’s ETF platform
The initiative represents one of the early steps by local managers to offer qualified investors locally domiciled vehicles with exposure to international assets.
CCR Monthly Approval Report – November 2025
Alpheon, Danske, DPAM, Fidelity, Global X, iShares, Sixth Street, T. Rowe Price and Wellington were the fund sponsors gaining approval for new products in November.
Mercer and CFA urge for sustainable pension systems
Latin American pension systems show sharp disparities in the Mercer–CFA Institute Global Pension Index, with Chile leading, Colombia and Peru lagging, and Argentina at the bottom.
ACHAI estimates that 300 advisors will be registered by the end of 2025
With new regulations, stronger investor protection, and rising demand for independent advice, the role of financial advisors in the Chilean market is likely to deepen in the coming years.
CCR Monthly Approval Report – October 2025
Xtrackers got 37 of its ETFs registered in the month, while UBS had one equity mutual fund approved.
New bill seeks to expand AUM and strengthen oversight on withdrawals from Chile’s SWFs
The Finance Ministry proposes a reform that could boost inflows to the Fondo de Estabilización Económica y Social and the Fondo de Reserva de Pensiones.
Political upheaval and eighth withdrawal threaten Peru’s pension assets
Congress ousts President Boluarte amid crisis, approves new pension withdrawals, and reopens debate over a reform that has already reduced pension fund assets to just 10% of GDP.









