Peruvians can use service sector to make voluntary AFP contributions

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.

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Peruvian regulator expands investment options for insurers

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.

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Local Argentine manager SBS contracts Franklin Templeton to subadvise its fixed-income funds

After nearly a quarter century with a presence in Buenos Aires, Franklin has finally decided to dip its toe into the local fund market.

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Peru convenes commission to target comprehensive pension reform

Speaking to Fund Pro Latin America, Jorge Mogrovejo of Peru's Superintendencia de Banca y Seguros y AFP, said regulations allowing 65-year-olds to withdraw 95% of their pension savings will be studied as part of a broader reform.

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Managers upbeat on new investment regulations for Peruvian insurers

Insurers' new ability to allocate a portion of their technical reserves in funds investing in real estate, infrastructure projects, receivables, leasing operations, factoring operations, and private equity pleased Daniel Dancourt, CEO of HMC Capital in Peru.

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Peru’s AFPs can now invest up to 20% in alternatives

AFPs can now invest up to 15% of their type 2 moderate portfolios and 20% of their type 3 aggressive portfolios in alternatives, without weighing against the overall equity limit. The previous limit was a scant 3%, and was being fully utilized.

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Peruvian regulator gets out of approvals business

As part of the implementation of the AFP reform, the SBS eliminated the obligation to register financial instruments considered "simple" and most frequently allocated to, which cover about 97% of pension fund investments. This includes cross-border mutual funds.

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Registration of funds: a situation that managers have taken on board

Whether because of the procedure developed by the regulators or the AFPs themselves, it is not possible to place a fund until three months after the start of the process.

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Managers confirm simplification of SBS registration process

Over the last few months the registration process for new foreign mutual funds has been reactivated, with record times of six weeks.

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