Reduction of deductibility from 100% to 53% as part of the 2014 Fiscal Reform paralyzed Mexico's private-pension fund industry, said Mercer Mexico's Ivette Maya.
Mercer: Viability of corporate pensions requires reinstating 100% deductibility to plan sponsors
December 5, 2018 by
Pension Reform: AFPs, AGFs and insurers will battle for new pension flows
November 12, 2018 by
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.
AFPs and insurers expecting changes to Peru’s 95.5% law
November 8, 2018 by
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.
Study finds that Peruvian retirees make poor choices with their lump-sum pension payouts
November 2, 2018 by
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.
CCR Monthly Approval Report – October 2018
November 1, 2018 by
MFS, Amundi, Invesco , Schroders, Franklin Templeton, Deutsche, and Nomura were among the fund sponsors gaining approval for new products in October 2018.
Global managers dealt series of body blows in Mexico
November 1, 2018 by
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.
State Street Global Advisors cross-lists 29 additional ETFs in Mexico
October 1, 2018 by
“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.
Menu of voluntary-retirement products likely to expand with derivatives ruling
October 1, 2018 by
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.
CCR Monthly Approval Report – September 2018
October 1, 2018 by
BlackRock, Invesco, Deutsche, PIMCO, Lord Abbett and UTI Goldfinch were the fund sponsors gaining approval for new products in September.
Peruvian regulator expands investment options for insurers
September 13, 2018 by
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.
