The public is up in arms over the USD 400 million tax benefits received on a write-down of the goodwill stemming from MetLife's purchase of AFP Provida and Principal's purchase of AFP Cuprum in recent years.
CCR Monthly Approval Report – September 2016
October 7, 2016 by
M&G led with eight mutual funds registered in the month, all of them domiciled in the UK, followed by Lazard and Veritas, each with one fund approved.
CCR Monthly Approval Report – August 2016
September 7, 2016 by
HSBC led with three mutual funds - two of them fixed-income products and one equity - while BNY Mellon and Lazard followed with two funds each. The list was completed by fund listings from Nordea and GAM, while State Street listed a real-estate ETF from its SPDR family.
CCR Monthly Approval Report – July 2016
August 3, 2016 by
Goldman led with three products - two ETFs from its ActiveBeta family and one equity fund, while Vanguard followed with two ETFs and Credit Suisse, Pioneer and BNP completed the list with one fund each.
Conditions in Chile ripe for creation of state-run AFP
August 3, 2016 by
The government seeks to integrate prison and military employees into the AFP system. Francisco Murillo, CEO of Sura AM, which controls AFP Capital, said he welcomed the initiative.
CCR Monthly Approval Report – June 2016
July 14, 2016 by
Axa led with seven mutual funds registered in the month, all of them bond products, followed by Ashmore, Henderson and Natixis, each with one fund approved.
Chilean insurers push for 40% foreign investment limit
July 11, 2016 by
Commenting on a bill under review in Congress, Jorge Claude, executive VP of the Association of Insurers, said wider latitude to invest offshore is required in light of the small local capital market.
Permitting early withdrawals of AFP assets a blow to Peruvian system
June 8, 2016 by
Eduardo Morón Pastor, a social security expert, believes the end game of Peruvian lawmakers is to make pension savings voluntary.
CCR Monthly Approval Report – May 2016
June 8, 2016 by
The Chilean regulator delisted 34 funds for falling short of the required minimum of USD 100 million in assets under management, while added six mutual funds and six ETFs to the list of approved instruments eligible to receive allocations.
Responding to calls for transparency, Consar provides more details on Afore investment strategies
May 26, 2016 by
In an interview with Fund Pro Latin America, the head of the Afore association defended the lack of access to pension fund portfolios, citing the competitive operating environment in which the Afores operate.
