PERU - Peru will seek to toughen laws to prevent presidential front-runner Ollanta Humala from tampering with $30bn managed by private pension funds should he win next month's election, Finance Minister Ismael Benavides said.
PERU - A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers' investments overseas.
PERU - Prima AFP, Peru's biggest pension fund manager, is taking advantage of the biggest stock selloff in more than two years and declines in the country's bonds and currency to buy assets on a bet prices will rebound after presidential elections.
PERU - AFP Integra SA, manager of Peru's second-largest private pension fund, plans to increase investment in smaller mining companies as well as the consumer goods industry as growth in returns from Peruvian stocks slows.
PERU - Peru's pension funds will cut local stock holdings to buy Chilean and Colombian shares as exchanges in the three nations move toward integration, said Mariano Paz Soldan, chief executive officer of pension fund Profuturo AFP.
PERU - Peru's central bank has increased the amount pension funds can invest in international assets by two percentage points to 30% of their overall portfolios.
PERU - Peru's central bank will probably raise the limit on how much private pension funds can invest abroad to 30% from 28% "very soon," said Alejandro Perez-Reyes, investment manager at Peru's second- largest private pension fund AFP Prima.
PERU - Peru's private pension funds have set an ambitious goal of doubling the volume of their assets under management over the next six years.
Rodrigo Amaral speaks to Pedro Flecha Zalba, head of the AFP Association about the private pension industry's ambitious growth plans
PERU - Peru's pension funds are seeking new markets to diversify away from the country's mining stocks, said Mariano Paz Soldan, general manager of the Profuturo AFP pension fund.
PERU - Banks and pension funds' foreign currency purchases will be capped at 75% of assets under regulations issued by Peru's banking superintendent.
GLOBAL - The fallout from the scandal surrounding Bernard L Madoff Investment Securities could affect three million people worldwide, estimates by Spanish law firm Cremades & Calvo Sotelo reveal.
PERU - Deutsche Bank has moved into Peru to expand its local presence and offer international institutional clients direct access to the market.
This year will see the fifteenth anniversary of Peru's Private Pension System, which was based on the Chilean model. Fernando Muñoz-Nájar looks at how the system has taken root in the Andean country
LATIN AMERICA - ING has confirmed it will buy Santander's Latin American pension businesses for US€1.3bn, ending a week of speculation over the deal.
PERU - President Alan García Pérez yesterday passed a new law, ‘la Ley de la Libre Desafiliación de las AFP', which will enable Peruvians previously registered in the private pension system (SPP) to switch back to the state pension system (SNP).
PERU - The Congreso de la República (national congress) has postponed debate over a controversial law which would allow the transference of funds from private pension funds to the state system.
PERU - The Central Reserve Bank of Peru has increased the limit of foreign investments by private pension funds from 10.5% to 12%, although it could rise as high as 20% in the future.
SOUTH AMERICA - The International Monetary Fund (IMF) has called for reforms across all Latin America as contributions are "often inadequate".
GLOBAL - Latin America markets are proving attractive in the current climate because of their defensive qualities, according to ratings agency Standard & Poor's (S&P).