The proposals to authorize a seventh withdrawal from the Pension Fund Administrators (AFP) did not prosper in the Congress of the Republic. In nine ordinary sessions, the Commission on Economy, Banking, Finance and Financial Intelligence, chaired by parliamentarian César Revilla, from Fuerza Popularfailed to approve an opinion that meets the consensus of legislators and incorporates […]
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The AFPs earned more than S/454 million between January and November 2023
The administrators obtained income of S/1,044 million 634,000, as a result of the commissions paid by their affiliates. Join the La República WhatsApp channel Price of the dollar in Peru: what is the exchange rate quote this Wednesday, December 27? Banco de la Nación 2024: payment and pension schedule for January and the rest of […]
The AFPs earned more than S/332 million between January and August of this 2023
Between January and August 2023, the profits of the four Pension Fund Administrators (AFP) amounted to S/332 million 385,000, which represents a growth of 12.3% compared to the same period last year, when they reported a profit net of S/295 million 914.00, according to information from the Superintendency of Banking, Insurance and AFP (SBS). Only […]
AFP: how much money should I have in my fund to receive a pension of S/1,000?
Retirement is a right of workers to enjoy their remuneration after having concluded their employment relationship and in compensation for the years of service they provided. To enjoy a pension, it is necessary to plan our economy from a young age and practice healthy financial savings habits. Below, we share some recommendations from the Peruvian […]
AFP Retirement 2023: what did the MEF say about an eventual disbursement of the pension fund?
The debate of the 11 bills that seek to authorize a seventh withdrawal of AFP funds will begin in the coming weeks, as announced by the president of the Congressional Economy Commission, César Revilla. The MEF has been warning about the impact that the approval of this rule would have on the country’s fiscal management […]
Companies that owe pension contributions will be able to access the AFP-Private Repro until December 31
The Superintendency of Banking, Insurance and AFP (SBS) approved this Monday, September 18, the operating procedure of the Regime for Reprogramming Pension Contributions of the Private Pension System (SPP) for private sector entities, called Repro AFP-Private. In this way, companies that owe pension contributions will be able to benefit from said regime and regularize their […]
AFP: profitability of funds returned to the positive tranche
During the past year, the profitability of three of the four funds managed by the AFPs dragged losses that affected only their affiliates. On the other side of the coin, the administrators continued to receive strong income, to the point that their profits exceeded S/471 million, 13% higher than what was seen in 2020, according […]
The AFPs earned more than S/248 million in the first half of 2023
From January to June this year, the four Pension Fund Administrators (AFP) obtained a profit of S/248 million 367,000which represents a growth of 12.4% compared to the same period in 2022, when net profit was S/220 million 911,000, according to official data from the Superintendency of Banking, Insurance and AFP (SBS). According to the financial […]
SBS facilitates the judicial collection that the AFPs require from employers with unpaid contributions
More than S/33,000 million are owed by public entities and private companies to the Pension Fund Administrators (AFP). This corresponds to pension contributions not made despite having been deducted from workers’ salaries. Given this, the Superintendency of Banking, Insurance and AFP (SBS) has issued provisions so that the collection of these debts can be more […]
What happens if my company discounted the AFP, but did not make the deposit?
Every month, companies retain 10% of the remuneration of the worker to later be transferred to his individual capitalization account of the Pension Fund Administrator (AFP) to which he is affiliated. This amount is key, because it will ultimately be a savings that will later be destined for retirement at the end of your work […]