Pension reform also reshapes rules on indirect investment fees

Some of the new restrictions on management fees have been in force since April, while others will take effect alongside the rollout of Chile's new lifecycle funds.

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Chile’s pension regulator faces leadership transition and legal challenge from AFPs

Chile’s incoming administration has decided to appoint former CMF chairman Joaquín Cortez as head of the Pension Superintendency, replacing long-serving superintendent Osvaldo Macías.

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Chile’s FAPP Investment framework delays alternatives allocation

New rules impose a 24-month ban on private markets, cap equities at 60%, and set a 50–80% international allocation range.

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SP sets limits on indirect fees

In general terms, these management fees may not be charged when the investment vehicles offered have more than 10% of their assets invested in instruments that AFPs could invest in directly with relative ease.

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