After the full Congress of the republic approved the optional withdrawal of up to S/ 18,400 (4 UIT) from the accounts in the Pension Fund Administrators (AFP), there is still a procedure that must be followed so that said initiative can be made effective. Currently, the so far autograph of the law is in the […]
Tag: afp
IMF, EBRD and World Bank foresee serious consequences of war after Russia’s invasion of Ukraine
Updated on 03/18/2022 11:02 am Large economic institutions, such as the International Monetary Fund (IMF), the European Bank for Reconstruction and Development (EBRD) and the World Bank, declared themselves “horrified and deeply concerned” for the Russian invasion of Ukraine and warned of the “Wide global economic consequences”. In a statement, the signatory organizations, among which […]
IMF suggests Peru carry out a pension reform and make adjustments to its tax policy
The International Monetary Fund (IMF) published today, March 7, its final statement on its mission in the Peru and pointed out that our country urgently needs a pension reform. This, with the aim of reducing the risks of poverty in old age. The international organization indicated that withdrawals from pension funds in the last two […]
Withdrawal of 100% of AFP: what do the MEF and the SBS think of this proposal?
Yesterday, the Minister of Labor Betssy Chávez, in her capacity as congresswoman of the Republic, sent an official letter to the president of the Parliament’s Economy Commission, Silvia Monteza, so that the discussion of the bill of her co-authorship that authorizes the return of 100% of the contributions of the Private Pension System (SPP). This […]
World stocks return to negative territory and oil and gas fall
Western stocks returned to negative territory on Thursday, with eyes on Ukraine, while oil and gas fell slightly after having crossed record thresholds at the start of the day in Europe. After Wednesday’s recovery, the main European stock markets closed lower. London ended up falling -2.57%; Frankfurt, -2.16% and Paris, -1.84%. Along these lines, the […]
They approve an opinion for the MEF to make deductions for workers’ pension contributions
With 13 votes in favor, 1 against and 0 abstentions, the Economy, Banking, Finance and Financial Intelligence Commission today approved the ruling that authorizes the Ministry of Economy and Finance (MEF) to make withdrawals in favor of EsSalud and pension contributions of the workers of the public sector. The legislative initiative seeks to streamline permanently […]
AFP profits in 2021 totaled S/ 553 million
The Pension Fund Administrators (AFP) recorded profits of S/ 553,586,000 during 2021, this figure is around 10.5% higher than 2019, the pre-pandemic year. And 33% more than in 2020, when it added S/ 414 million 224,000 (see infographic). According to data from the Superintendency of Banking, Insurance and AFPs (SBS), Prima was the one that […]
President-elect of Chile says his government will not support new savings withdrawals in AFP funds
Updated on 01/24/2022 09:46 am The elected president of Chile, Gabriel Boric, assured that he will not support new withdrawals from savings in private pension funds, in charge of the Pension Fund Administrators (AFP) that were promoted by legislators to face the impact of the coronavirus pandemic. coronavirus. Opposition legislators, including the new president, supported […]
AFP: how do I know which insurer I am affiliated with?
The Administrators of pension funds, also known as AFPs by their acronym, are private institutions that manage your money with the purpose of generating profits for your benefit and thus finance your retirement through a pension. In Peru there are a total of four administrators that operate: AFP Prima, Integra, Hábitat and Profuturo. In this […]
They seek to authorize withdrawal of up to 50% of the AFPs to pay debts
After that between 2020 and 2021 the Executive and Legislative Power authorized extraordinary withdrawals of pension funds for members of the Private Pension System (SPP), this year the Congress of the Republic would seek to approve a new availability of AFP funds. And it is that, In just 16 days, at least three bills have […]