Colombian AFPs and the Ministry of Finance oppose the initiative but in the political world there is interest in a far-reaching rethink of the pension system.
Colombian legislator proposes allowing older workers to leave AFPs and join government retirement system
Short law on pensions could halt fourth withdrawal
Discussion of this short bill in Congress will coincide with the political campaigns of the various presidential candidates.
Pro-market executive takes helm at key Chilean Central Bank unit
Paulina Yazigi, well-known in Chilean investment circles, takes the helm of the Financial Markets Division, filling the seat held by Beltrán de Ramón for 13 years.
CCR Monthly Approval Report – August 2021
A total of seven products were added in the month from eight different asset managers: Allianz, Amundi, BNP Paribas, Golden Tree, Hines, Nomura, and PineBridge.
Pension proposals of center-left primary candidates all see AFPs vanishing
Three moderate/progressive candidates square off on August 21 for a place on the presidential ballot. None seemed happy with the status quo in the pension space.
CCR Monthly Approval Report – July 2021
A total of 12 products were added in the month from ten different asset managers: Wellington, DWS, JP Morgan, Lord Abbett, PIMCO, Clearlake CP, General Atlantic, Thomas H. Lee Partner and White Oak Partners.
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.
Annuities: insurers making 10% advances to pensioners, despite legal appeals
Insurers have several complaints with the process, and warn that a redemption now will reduce payouts down the road, especially for vulnerable retirees.
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.
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.