Proposed rule would let AFPs and investment banks distribute third-party mutual funds, expanding access while raising questions about conflicts of interest and market structure.
CCR Monthly Approval Report – March 2026
A total of seven products were added in the month from: Allianz, AltamarCAM Partners, Franklin Templeton, LS Power Equity Advisors, PIMCO and Vanguard.
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.
New draft decree raises concerns across Colombia’s private pension system
Labor Ministry proposal would require AFPs to transfer more than USD 6.8 billion to the state pension administrator Colpensiones.
CCR Monthly Approval Report – February 2026
A total of 19 products were added in the month from 12 different asset managers: ACRE Advisors, Amundi, Archimed, Bice, BlackRock, Eastspring, Invesco, iShares, MGG Investment Group, Stellex Capital, Stone Harbor and VanEck.
Chilean pension regulator proposes 15 lifecycle funds
The Superintendencia de Pensiones has proposed a new lifecycle regime set to take effect in 2027, including benchmark portfolios and structural reviews every three years.
Chile’s FAPP Investment framework delays alternatives allocation
New rules impose a 24-month ban on private markets, cap equities at 60%, and set a 50–80% international allocation range.
CMF consolidates AGF regulations, raising compliance and operational demands
Nearly 80 separate regulations will now be consolidated into a single regulatory framework, incorporating enhanced disclosure requirements and international best practices.
Former AFP Capital executive leads new AFP initiative
This would be the fourth initiative currently under evaluation or in the planning stages by their respective sponsors.
CCR Monthly Approval Report – January 2026
Sponsors gaining approval were Amundi, Azimut, Blue Owl Capital, Echiquier, Eurazeo, Invesco, iShares, Leonard Green and M&G.






