Administradoras de Fondos para el Retiro
E918370
Administradoras de Fondos para el Retiro are private financial institutions in Mexico that manage and invest workers’ mandatory retirement savings accounts within the national pension system.
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
pension fund administrator
ⓘ
private financial institution ⓘ retirement savings manager ⓘ |
| abbreviatedAs | AFORE NERFINISHED ⓘ |
| accountType | individual defined-contribution accounts ⓘ |
| allows | portability of accounts between AFORE providers ⓘ |
| beneficiaryOfContributionsFrom |
Mexican federal government
NERFINISHED
ⓘ
employers ⓘ workers ⓘ |
| componentOf | Sistema de Ahorro para el Retiro NERFINISHED ⓘ |
| country | Mexico ⓘ |
| currency | Mexican peso ⓘ |
| feeType | commission on balance under management ⓘ |
| fundTypeManaged |
SIEFORE
NERFINISHED
ⓘ
Sociedades de Inversión Especializadas en Fondos para el Retiro NERFINISHED ⓘ |
| introducedInReform | Mexican pension reform of the 1990s ⓘ |
| invests | workers’ retirement contributions ⓘ |
| languageOfName | Spanish ⓘ |
| legalFramework |
Ley de los Sistemas de Ahorro para el Retiro
NERFINISHED
ⓘ
Mexican social security law ⓘ |
| manages |
individual capitalization accounts
ⓘ
mandatory retirement savings accounts ⓘ |
| marketStructure | competitive multi-provider system ⓘ |
| obligation |
disclose fees and commissions
ⓘ
invest funds according to regulatory limits ⓘ provide account statements to workers ⓘ |
| offers | different investment funds by age or risk profile ⓘ |
| operatesIn | Mexican pension system ⓘ |
| paysOut |
disability and survivorship benefits through pension mechanisms
ⓘ
retirement benefits at legal retirement age ⓘ |
| purpose |
administration of retirement savings
ⓘ
generation of returns for workers’ retirement ⓘ investment of pension funds ⓘ |
| regulatedBy | investment regime set by CONSAR ⓘ |
| regulatesActivity | management of individual retirement savings accounts ⓘ |
| relatedTo | Mexican social security system ⓘ |
| replacedSystem | pay-as-you-go public pension model for private sector workers ⓘ |
| revenueModel | management fees on assets under management ⓘ |
| risk | investment risk borne mainly by worker ⓘ |
| riskManagement | must comply with diversification rules ⓘ |
| sector | financial services ⓘ |
| serves |
formal sector workers in Mexico
ⓘ
workers affiliated to Instituto Mexicano del Seguro Social ⓘ workers affiliated to Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado ⓘ |
| subjectTo |
periodic performance evaluation by CONSAR
ⓘ
public disclosure of net returns ⓘ |
| supervisedBy | Comisión Nacional del Sistema de Ahorro para el Retiro NERFINISHED ⓘ |
| targetOutcome | adequate replacement rate for retirees ⓘ |
Referenced by (2)
Full triples — surface form annotated when it differs from this entity's canonical label.
Comisión Nacional del Sistema de Ahorro para el Retiro
→
regulates
→
Administradoras de Fondos para el Retiro
ⓘ
National Commission of the Retirement Savings System (Mexico)
→
regulates
→
Administradoras de Fondos para el Retiro
ⓘ