Existing pension fund managers (AFPs) will have to compete with new players, while also being allowed to expand into areas such as banking and insurance. The reform aims to level the playing field, boost competition, and create new opportunities for product distribution and partnerships.
Political upheaval and eighth withdrawal threaten Peru’s pension assets
October 17, 2025 by
Congress ousts President Boluarte amid crisis, approves new pension withdrawals, and reopens debate over a reform that has already reduced pension fund assets to just 10% of GDP.
AFPs likely to begin to receive an injection of flows from pension debts next year
February 2, 2024 by
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.
Peru, Colombia and Bolivia move to facilitate flows between public, private systems
March 12, 2023 by
Migration of participants from one system to another is related to the reformist winds in the region.
Peruvian AFPs given roadmap to scale back alternatives exposure
June 22, 2022 by
With the AFPs overexposed to these illiquid vehicles, the SBS issued guidance on how reduce positions while limiting the impact on returns and the market.
Peru’s economy ministry warns about further weakening AFP system
April 1, 2022 by
The Congress is still pining for an additional withdrawal that could be approved in the second quarter of 2022.
Peruvian AFPs will face additional redemptions after May 19 ruling
May 30, 2021 by
Regardless of the outcome of the presidential election, additional withdrawals and weakening of the AFP system appear likely.
Managers project 20% fall in allocations from Peruvian AFPs
July 14, 2020 by
A law allowing withdrawal of 25% of pension savings is having a serious impact on AFP portfolios.
Peruvians can use service sector to make voluntary AFP contributions
January 28, 2019 by
Giovanna Prialé, president of the AFP Association, noted that total voluntary AFP contributions had increased from USD 120 million in 2015 to USD 570 million in November 2018.
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.
