The voluntary measure could give approximately 1.8 million members who entered the system before 2013 and did not take advantage of the original switching window the opportunity to migrate to the new fee structure.
New EAFs have eleven months to build their operations
July 23, 2026 by
Sergio Espinosa, SBS superintendent confirmed three institutions are preparing to enter the country's mandatory pension market, with operations scheduled to begin in June 2027.
Peru moves toward a new pension portability framework
July 7, 2026 by
Beginning in September, workers will be able to transfer between Peru's private and public pension systems.
SBS promotes the interconnection of financial services and retirement savings
December 30, 2025 by
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.
