The Analysis and Research Department of the Mexican Association of AFORES (AMAFORE) regularly publishes reports on the performance of the Retirement Savings System (SAR) in Mexico.

The last published report details the performance of the Retirement Savings System (SAR) to closure in May 2016. At month-end closing in May 2016, the system managed MXN 2,660 billion, corresponding to 14.4% of GDP, an increase of MXN 167 billion with respect to closure in May, 2015 (growth of 6.7%). At month-end closing in May 2016: (i) the system managed 54.5 million individual accounts, a net increase of 2.3% with respect to May 2015; (ii) the system achieved a historic nominal yield of 11% per year, and 5.2% discounting inflation (actual performance).

The report also examined the change in the intergenerational levels of perception within families regarding gender equity and savings, taking into account the habits and opinions of children whose mothers had worked and saved, compared to those who had not. In order to measure said impact, the survey denominated “Savings and future: A gender perspective” surveyed two groups: the first group comprising children whose mothers had worked and saved at some point in their lives (43.3%); and the second group, whose mothers had never worked and saved in their lives (25.9%). According to the results of the survey, it was found that those individuals whose mothers had worked and saved at some point in their lives, had better attitudes towards gender equity. Those individuals whose mothers saved and worked at some point in their lives, also think that saving for retirement and bearing for old age is and obligation of men and women alike.

To review the report in detail, please download it here.