Pensions Superintendency

The Superintendencia de Pensiones has published Normativa NCG N° 354, regulating the establishment and launch of new Administradoras de Fondos de Pensiones (AFPs), aligned with the 2025 pension reform. The norm raises the minimum capital requirement to UF 50,000 and sets experience standards for directors and investment executives, also applying to existing AFPs from April 2027.