Although there is some consensus on the inconvenience of this mechanism, the appearance of certain populist enticements could influence the process.
CCR Monthly Approval Report – June 2024
JPMorgan led with five ETFs, followed by Allianz, Bluebay, Comgest, Man and Morgan Stanley each with one mutual fund approved. Two alternative products also got the green light, one from Hollyport Capital and one from Rivean Capital.
Fast-track passage of pension reform could end up in the Constitutional Court
The government has already announced a corrective bill to resolve some shortcomings not analyzed by the House of Representatives.
Bravo Commission 2.0 faces skepticism amidst controversy in pension reform debate
The pension reform remains stalled in the Senate Labor Committee amid intense political negotiations.
Congress approves pension reform
The legislation now goes to the president who could return it to Congress, although he is expected to sign it. The main issues for AFPs are new players, the productivity fee and the end of withdrawals.
CCR Monthly Approval Report – May 2024
BNP Paribas, Credicorp Capital, JP Morgan, Morgan Stanley, PIMCO, Theam Quant, Eurazeo and Kinderhook were the fund sponsors gaining approval for new products.
Senate passes pension bill and lower house has a deadline of June 20
The bill maintains four pillars and designates Banco de la República as manager of the public pension fund.
CCR Monthly Approval Report – April 2024
A total of 22 products were added in the month from six different asset managers: Aegon, Bradesco, Invesco, Moneda, Oaktree andTikehau.
Analysts doubt that President Boluarte will veto the seventh retirement bill
Internal political and governance situations are likely to push the executive into signing a bill that was passed with a large majority and multiparty support.
AFPs and managers prepare for opening in Alternatives
The Central Bank announced that the limits of three of the five multi-funds will be raised in August.