Stark realities ahead for AFP industry as establishment cedes ground in election

Following the results of the elections for the Constituent Convention, there seems to be a broad majority in favor of restoring full responsibility for pensions and social security to the state.

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Could Castillo’s arrival deal a death blow to the Peruvian system?

A right-leaning Congress and resistance from the Central Bank are the industry's best hopes for survival.

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CCR Monthly Approval Report – June 2021

A total of nine products were added in the month from five different asset managers: Allianz, Baillie Gifford, Legal & General, Vontobel and State Street.

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Consar will soon be in charge of cross-border-fund approvals, replacing the Amafore

The Amafore’s vice-president, Alvaro Melendez, says he expects the change to occur toward the end of July or beginning of August 2021.

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CCR Monthly Approval Report – May 2021

BlackRock led with 11 ETFs of its iShares family, plus two mutual funds registered in the month, Allianz (5), AllianceBernstein (2), Wellington (2), Credit Suisse (1), Franklin Templeton (1), Invesco (1), Robeco (1) and Infravia Capital Partners (1) completed the list.

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Pension withdrawals: Andean AFPs still hold lion’s share of most managers’ Latin AUMs

Matías Eguiguren, a partner at Picton, recognized the damage done to pension fund positions since the outbreak of COVID-19.

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Peruvian AFPs will face additional redemptions after May 19 ruling

Regardless of the outcome of the presidential election, additional withdrawals and weakening of the AFP system appear likely.

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In turning aside challenge to third withdrawal, Constitutional Court puts AFP system at risk

Following the surprise ruling, the Constitutional Court can no longer be looked to as a free-market bulwark and protector of the "Chilean Model." 

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CCR Monthly Approval Report – April 2021

DWS led with 10 products registered in the month, while JP Morgan followed with eights ETFs. J Safra, Jupiter, and Invesco completed the list. Bridgepoint, Brookfield, Morgan Stanley and Trilantic joined the list with one alternative product each.

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Election delay will increase pressure for third pension withdrawal

The legislative process has already begun and promoting this type of action will be very popular during the election campaign.

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