Afores
E918379
Afores are private financial institutions in Mexico that manage and invest workers’ individual retirement savings accounts within the country’s pension system.
Observed surface forms (1)
| Surface form | Occurrences |
|---|---|
| Afore | 0 |
Statements (47)
| Predicate | Object |
|---|---|
| instanceOf |
pension fund administrator
ⓘ
private financial institution ⓘ |
| abbreviationOf | Administradora de Fondos para el Retiro NERFINISHED ⓘ |
| accountType | individual capitalization account ⓘ |
| allows |
portability between Afores
ⓘ
voluntary additional contributions ⓘ |
| associatedWith | Sistema de Ahorro para el Retiro NERFINISHED ⓘ |
| benefitType | defined contribution ⓘ |
| contributionsSource |
employer contributions
ⓘ
government contributions ⓘ worker contributions ⓘ |
| countryOfOperation | Mexico NERFINISHED ⓘ |
| distinguishedFrom | public pay-as-you-go pension schemes ⓘ |
| fundsInvestedIn | Siefore investment funds ⓘ |
| hasRegulatoryRequirement |
capital adequacy rules
ⓘ
investment limits by asset class ⓘ minimum disclosure standards to account holders ⓘ |
| introducedInReform | 1997 Mexican pension reform ⓘ |
| invests | workers’ retirement funds ⓘ |
| languageOfName | Spanish ⓘ |
| legalFramework | Ley de los Sistemas de Ahorro para el Retiro NERFINISHED ⓘ |
| manages |
individual retirement savings accounts
ⓘ
mandatory retirement savings ⓘ voluntary retirement savings ⓘ |
| marketStructure | competitive multi-provider system ⓘ |
| monitoredBy | Mexican Ministry of Finance and Public Credit NERFINISHED ⓘ |
| objective | maximize long-term risk-adjusted returns for workers ⓘ |
| offers |
online account statements
ⓘ
retirement planning information ⓘ |
| operatesInSystem | Mexican pension system ⓘ |
| paysOut |
disability-related retirement benefits
ⓘ
retirement benefits ⓘ survivor benefits ⓘ |
| primaryGoal |
accumulate retirement savings
ⓘ
provide income in old age ⓘ |
| regulatedBy |
CONSAR
NERFINISHED
ⓘ
Comisión Nacional del Sistema de Ahorro para el Retiro NERFINISHED ⓘ |
| replaced | pay-as-you-go public pension scheme for private sector workers ⓘ |
| revenueModel | management fees on assets under management ⓘ |
| riskManagement | diversified investment portfolios ⓘ |
| sector |
financial services
ⓘ
pension fund management ⓘ |
| serves |
IMSS-affiliated workers
ⓘ
ISSSTE-affiliated workers ⓘ formal sector workers in Mexico ⓘ |
| supervisedBy | CONSAR NERFINISHED ⓘ |
| targetPopulation | workers covered by the Mexican social security system ⓘ |
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.