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FIAP > Press Releases > Peru: SBS extends deadline for choosing the type of commission until May 31, 2013

Peru: SBS extends deadline for choosing the type of commission until May 31, 2013

22 March, 2013

Source: www.larepublica.pe

At the insistence of the members of the Private Pension System (SPP) to extend the deadline so that they can communicate to their Pension Fund Administrator (AFP) the desire to continue to pay the commission on the salary, the Superintendency of Banking, Insurance and AFPs (SBS) extended this period until 31 May 2013. The previous deadline expired at the end of March 2013. Thus, the charge of the mixed commission, proposed in the reform of the SPP to lower the payment and generate competition, will take effect from June 1, 2013.

Daniel Schydlowsky, the SBS Chief, said the decision was taken after an evaluation of the situation presented in the offices of AFPs in recent days.

The SBS also extended the deadline for members who choose to continue with the current commission and then wish to reverse their decision, after further information, to do so until November 30, 2013 (the previous deadline was September 30, 2013).

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FIAP > Press Releases > Peru: SBS extends deadline for choosing the type of commission until May 31, 2013
22 March, 2013

Peru: SBS extends deadline for choosing the type of commission until May 31, 2013

Source: www.larepublica.pe

At the insistence of the members of the Private Pension System (SPP) to extend the deadline so that they can communicate to their Pension Fund Administrator (AFP) the desire to continue to pay the commission on the salary, the Superintendency of Banking, Insurance and AFPs (SBS) extended this period until 31 May 2013. The previous deadline expired at the end of March 2013. Thus, the charge of the mixed commission, proposed in the reform of the SPP to lower the payment and generate competition, will take effect from June 1, 2013.

Daniel Schydlowsky, the SBS Chief, said the decision was taken after an evaluation of the situation presented in the offices of AFPs in recent days.

The SBS also extended the deadline for members who choose to continue with the current commission and then wish to reverse their decision, after further information, to do so until November 30, 2013 (the previous deadline was September 30, 2013).