Pension Reform: AFPs, AGFs and insurers will battle for new pension flows

In a break for global managers, under President Sebastián Piñera's proposal, AFPs, AGFs and others would compete for the 40% increase in per-worker contributions to the retirement system.

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AFPs and insurers expecting changes to Peru’s 95.5% law

Giovanna Prialé, president of the AFP Association, said allowing workers to withdraw 95.5% of their savings at retirement has disrupted the objectives of the pension system.

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Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts

An IDB study found that retirees removing 95.5% of their pensions at age 65 made poor investment decisions or spent the money without regard for their future, noted Eduardo Morón, head of a Peruvian insurance group.

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CCR Monthly Approval Report – October 2018

MFS, Amundi, Invesco , Schroders, Franklin Templeton, Deutsche, and Nomura were among the fund sponsors gaining approval for new products in October 2018.

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Global managers dealt series of body blows in Mexico

Cross-border firms lost nearly USD 500 million in allocations when BlackRock took over Banamex's fund unit. Meanwhile, a large Afore is close to unwinding two global mandates as regulators delay implementation of fund rules.

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State Street Global Advisors cross-lists 29 additional ETFs in Mexico

“Having cross-listed the first SPDR ETFs on the BMV in 2006, the Mexican market has remained a strategic priority for over a decade," said Kathryn Sweeney, head of SPDR Americas institutional sales.

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Menu of voluntary-retirement products likely to expand with derivatives ruling

Before the easing of rules by Chile's Financial Market Commission, fund managers (AGFs) had been unable to launch a retirement-share-class for any fund whose investment policy allowed the use of derivatives for speculative purposes.

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CCR Monthly Approval Report – September 2018

BlackRock, Invesco, Deutsche, PIMCO, Lord Abbett and UTI Goldfinch were the fund sponsors gaining approval for new products in September.

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Peruvian regulator expands investment options for insurers

The SBS said investments in dual-currency fixed-coupon financial instruments (exchange notes) and structured capital-protected securities were now eligible options for Peruvian insurers.

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CCR Monthly Approval Report – August 2018

A total of 21 products were added in the month from 12 different asset managers: Baillie Gifford, Fidelity, HSBC, Janus Henderson, John Hancock, Apollo, Audax, Cinven, EQT, Lone Star, NB and Platinum.

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