The proposal reaffirms the individual capitalization model over the pay-as-you-go model, unlike the Labor Committee's bill which is based on a multiple pillar scheme.
CCR Monthly Approval Report – May 2023
BlackRock led with four ETFs of its iShares family, while EDM, JPMorgan, Patria and TJC completed the list each with one product approved.
Credicorp enters the pension debate in Peru
The firm proposes the entry of new players and fees based on fund performance.
Government proposal may increase taxation of cross-border investments
Even a checking account may be taxed. The measure still needs to be approved by Congress and may undergo changes.
Bolivia dissolves its USD 2.4 billion private pension system
Transfer of assets to a state-run agency means private managers owned by Zurich and BBVA have closed shop.
Election of constitutional delegates in Chile seems to secure current AFP pension model
The strong presence of right-wing and center-right forces looks set to wreck the left-wing initiatives for a drastic overhaul of the individually funded system.
CCR Monthly Approval Report – April 2023
American Century led with three ETFs registered in the month, while Robeco, with one mutual fund, completed the list.
Peru discussing a seventh withdrawal of AFP savings
Meanwhile, several plans of consolidating pension schemes and even eliminating the AFPs are also being tossed about.
CCR Monthly Approval Report – March 2023
A total of 17 products were added in the month from four different asset managers: WisdomTree, T. Rowe Price, Invesco, Capital Four, Equitix and Madison Realty Capital.