AFORE

E918374

Mexican retirement fund administrator financial institution type pension fund administrator

AFORE is a Mexican private retirement fund administrator that manages individual workers’ pension savings accounts within the country’s mandatory retirement system.

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Observed surface forms (1)

Surface form	Occurrences
Afore Banamex	1

Statements (48)

Predicate	Object
instanceOf	Mexican retirement fund administrator ⓘ financial institution type ⓘ pension fund administrator ⓘ
acronymFor	Administradora de Fondos para el Retiro NERFINISHED ⓘ
associatedWith	SAR NERFINISHED ⓘ Sistema de Ahorro para el Retiro NERFINISHED ⓘ
beneficiary	Mexican workers ⓘ retirees in Mexico ⓘ
benefitType	old-age pension ⓘ retirement lump-sum withdrawals ⓘ survivor benefits (through pension balances) ⓘ
contributionSources	employee contributions ⓘ employer contributions ⓘ government contributions ⓘ
contributionType	individual capitalization accounts ⓘ
country	Mexico ⓘ
currency	Mexican peso ⓘ
fundingSource	mandatory pension contributions ⓘ voluntary pension contributions ⓘ
languageOfAcronym	Spanish ⓘ
legalFramework	Ley de los Sistemas de Ahorro para el Retiro NERFINISHED ⓘ Mexican social security law ⓘ
manages	individual retirement savings accounts ⓘ workers’ pension savings ⓘ
obligation	comply with CONSAR investment limits ⓘ disclose fees and performance ⓘ report account balances to workers ⓘ
offers	individual pension accounts ⓘ retirement savings products ⓘ
operatesIn	Mexico NERFINISHED ⓘ
partOf	Mexican mandatory retirement system ⓘ
primaryClients	IMSS-affiliated workers ⓘ ISSSTE-affiliated workers ⓘ formal sector workers in Mexico ⓘ
purpose	administration of retirement savings ⓘ generation of returns for retirement ⓘ investment of pension funds ⓘ
regulatedBy	CONSAR NERFINISHED ⓘ Comisión Nacional del Sistema de Ahorro para el Retiro NERFINISHED ⓘ
regulates	none (regulated entity, not regulator) ⓘ
revenueModel	management fees on assets under management ⓘ
riskManagement	investment diversification ⓘ
sector	financial services ⓘ pension system ⓘ
systemType	defined contribution pension system ⓘ
targetOutcome	income replacement in retirement ⓘ
usesInstrument	SIEFORE NERFINISHED ⓘ Sociedades de Inversión Especializadas en Fondos para el Retiro NERFINISHED ⓘ

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 → oversees → AFORE ⓘ

Banamex → hasSubsidiary → AFORE ⓘ

this entity surface form: Afore Banamex