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.
Local Argentine manager SBS contracts Franklin Templeton to subadvise its fixed-income funds
March 20, 2018 by
After nearly a quarter century with a presence in Buenos Aires, Franklin has finally decided to dip its toe into the local fund market.
Peru convenes commission to target comprehensive pension reform
May 1, 2017 by
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.
Managers upbeat on new investment regulations for Peruvian insurers
April 8, 2016 by
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.
Peru’s AFPs can now invest up to 20% in alternatives
August 15, 2014 by
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.
