Pension reform is driving changes in distribution, operations, and portfolio management.
Greater affiliate mobility creates new challenges for Peru’s pension fund managers
October 14, 2026 by
Chile’s FAPP Investment framework delays alternatives allocation
February 25, 2026 by
New rules impose a 24-month ban on private markets, cap equities at 60%, and set a 50–80% international allocation range.
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.
Chile’s additional pension contribution will impact AFPs from 2028
July 18, 2025 by
Beginning in August 2025, Chile will initiate a gradual increase in employer-funded pension contributions; however, individual AFP accounts will see minimal impact at first.
Bidding for new participants may have generated savings of USD 1.6 billion
June 18, 2025 by
Profuturo AFP began to receive new participants to the system with a 0.68% annual balance fee.
AFPs emerge strengthened after enactment of pension reform
October 7, 2024 by
Despite the entry of new players, several measures are being considered to increase contributions to the individual accounts of their participants.
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.
Pension Reform: Economy Committee proposal moves ahead
June 27, 2023 by
The proposal reaffirms the individual capitalization model over the pay-as-you-go model, unlike the Labor Committee's bill which is based on a multiple pillar scheme.
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.
Could Castillo’s arrival deal a death blow to the Peruvian system?
July 5, 2021 by
A right-leaning Congress and resistance from the Central Bank are the industry's best hopes for survival.
