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.
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.
