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.
CCR Monthly Approval Report – March 2024
A total of 11 products were added in the month from four different asset managers: iShares, Premier Miton, Robeco and InfraRed Capital Partners.
Outlook for pension reform looks fairly good but with deadlines
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
CCR Monthly Approval Report – February 2024
A total of five products were added in the month from five different asset managers: AllianceBernstein, Man, Pinebridge, Apollo, GI Partners, Monroe Capital and SLR CP.
Chilean Senate to begin reviewing pension reform in March
The text passed by the Chamber of Deputies will go through a debate stage, which is expected to be tough and complex, and may not be voted on until the last half of the year.
Peru, Colombia and Chile raise basic pensions
The 2023 inflation adjustment measures have been presented in the framework of the debate on the reforms to the private pension system.
CCR Monthly Approval Report – January 2024
Three mutual funds, one ETF and one alternative product gained CCR approval to kick off 2024. Sponsors gaining approval were UBS, Invesco and TrueBridge Capital Partners.
AFPs likely to begin to receive an injection of flows from pension debts next year
The Superintendency of Banking, Insurance and AFPs (SBS) created a mechanism for regularizing debts which would transfer around USD 1.2 billion into the Private Pension System over the next 10 years.
Industry associations prepare arguments for repositioning of pension debate
The main concern is the fiscal cost and the impact on the financial market.