Fund E: Joaquín Cortez Reveals the Alerts Raised by the Regulator to the AFP Since 2024 Due to High Exposure to Derivatives
4 Articles
4 Articles
The Working Committee of the Chamber of Deputies held a special session on Monday to analyze the decline in the profitability recorded in the most conservative pension funds of the AFP, particularly in Fund E, which marked a fall of 4.92% in September, accumulating in the year a collapse of 10.39% in real terms.And while in this month it has been recovering some ground, the truth is that the controversy is far from over.Until the session arrived…
After an intense session of the Working Committee in Congress, the MP questioned the explanations of the administrators and demanded compensation, sanctions and the end of the commissions when there are losses. “I want these people who play with the workers’ money to go away. It can’t be that they cause losses [...]
Before the Chamber's Working Commission, the regulator detailed that interest rate swap losses totalled more than US$10 billion in the five multifunds as of September 30, although they were reduced with the decline in rates in October.
The authority presented a warning chronology to the administrators initiated in late 2024 and defended the new restrictions set for Fund E.
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