FIAP BULLETIN
November 2010: year 12, Nro. 4
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Highlights
FIAP President's Opinion Column: The individually funded system versus the PAYGO system
Source: www.mer.clDate: November 10, 2010The 2008 international economic crisis had a profound impact on the value of financial assets, and consequently,...
   
FIAP published the book “Developing the Potential of the Individually Funded Pension Systems”
Source: FIAP Date: October 2010 FIAP has just published the book “Developing the Potential of the Individually Funded Pension Systems,” (in English and...
   
FIAP calls on International Organizations and authorities in Central and Eastern Europe to not weaken the pension reforms in the region
On October 27, 2010, FIAP sent letters to the Word Bank authorities, Mr. Arup Banerji, Director of Social Protection & Labor (see here); Mr. Michal...
   
Foreign Investment limits of the AFPs are extended: up to 80% in Chile and up to 30% in Peru
Source: FIAP based on www.bcentral.cl and www.bcrp.gob.pe Date: November 2010 In a meeting held on November 4, 2010, the Council of the Chilean Central...
   
France approves the pension reform law
Source: FIAP based on http: primermomento.com, www.jornada.unam.mx, www.rtve.es and www.emol.com Date: November, 2010 On Wednesday, October 27, 2010,...
   
New authorities appointed in República AFAP
Source: República AFAPDate: September, 2010New authorities have been appointed in República AFAP as of September, 2010. Its board of directors is made...
   
International News
Germany
Curaçao (ex-Dutch Antilles)
Australia
Bolivia
Bulgaria
Chile
Colombia
Costa Rica
Slovakia
Spain
Estonia
France
Greece
Hungary
India
International
Ireland
Italy
Mexico
Nicaragua
New Zealand
Peru
Poland
Czech Republic
Dominican Republic
Romania
Ukraine
Uruguay
   
Articles of Interest
Pension modes in the individually funded systems in Latin America – International Association of Pension Fund Supervision Agencies (AIOS) – October, 2009
This paper, prepared by Mauricio Barassi, Hugo Bertín and Alberto Musalem for the International Association of Pension Fund...
Reasons to justify fees on assets in the Peruvian private pension sector – BBVA – September 2010
This working paper, published by the Economic Research Department of the BBVA in September 2010, analyzes the fees collection...
The first and second pillars of the pension system in Germany - AEGON Global Pensions - September 2010
On September, 7, 2010, Aegon Global Pensions published a brief article explaining the main characteristics of the first...
Research Series No. 75 (August, 2010), No. 76 and No. 77 (October, 2010) - Chilean Association of AFPs
On this occasion we highlight the last three editions of the research series, prepared by the Research Department of the...
The Global Aging Preparedness Index - Center for Strategic & International Studies - October 2010
This study, carried out by the Center for Strategic & International Studies (CSIS) and published in October, 2010, provides...
How financial literacy and impatience shape retirement wealth and investment behaviors- Michigan Retirement Research Center – October, 2010.
This study, co-authored by Olivia S. Mitchell, professor at the Wharton Business School of the University of Pennsylvania,...
Latest Pension System Reforms in Non-Latin American Countries – Center for Financial Stability – October, 2010
Over several decades, and for different reasons, the solvency of the PAYGO pension systems has been deteriorating, mainly...
The role of behavioral economics and behavioral decision making in Americans´ retirement savings - Social Security Bulletin, Vol. 70 No. 4 – November, 2010
Traditional economic theory suggests that individuals make decisions maximizing a function of utility, in which they include...
Presentations in Seminars
10th Investment Seminar AMAFORE – October 2010
The Mexican Association of Retirement Fund Administrators (AMAFORE) held its 10th Investment Seminar between October 20...
Conference on the Pensions Green Paper - October 2010
The European Commission (EC) held a conference on the Pensions Green Paper in Brussels, Belgium, on October 29, 2010, which...
OECD/IOPS Global Forum on Private Pensions: Designing adequate defined contribution (DC) pensions: Global experience and lessons from Asia-Pacific – November 2010
The Organisation for Economic Coordination and Development (OECD) and the International Organisation of Pension Supervisors...
Bulletins
ASOFONDOS Informative Bulletin No. 28 - September 2010
This number of the Bulletin reports that in September, 2010, workers enrolled in the mandatory pension funds obtained yields...
Multifunds Bulletin No. 30 of the Chilean Association of AFPs - September 2010
Between September 2002 and September 2010, the profitability of the pension funds has more than doubled workers’ savings....
EFRP Newsletter Volume 4 - September 2010
The EFRP (European Federation for Retirement Provision), published its September, 2010, newsletter. On this occasion, the...
A review of the non-contributory pension pillars in Latin America: first steps in Peru – BBVA Research Pension Watch – October, 2010.
On October 11, 2010, the Economic Research Department of BBVA issued its third number of the “Pension Watch,” a regular...
Upcoming Events
Year 2010
November
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FIAP - International Federation of Pension Funds Administrators.

President: Guillermo Arthur Errázuriz · Executive Secretary: Gladys Otárola Santillana ·
Study Analyst: Manuel Tabilo Sanhueza ·
Administrative Assistant: Ana R. Tolosa Jerez ·
Address: Avda. 11 de septiembre 2155 - Tower C, Office 901, Floor 9, Providencia. Santiago, Chile
Telephone: (56-2) 381 1723, extensions 111-100-130 | Fax: (56-2) 3812655 | E-mail: fiap@fiap.cl

The publication of this Bulletin is made possible thanks to the colaboration of FIAP's members, who helped supplied information and commentaries.