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.
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.
