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FIAP > Developing the Potential of the Individually Funded Pension Systems – Chile

Seminario

4 April, 2016

Developing the Potential of the Individually Funded Pension Systems – Chile

FIAP, together with the Chilean AFP Association, organized the 2010 FIAP International Seminar called Developing the Potential of the Individually Funded Pension Systems . This Seminar took place on May 6 and 7, 2010 at the Sheraton Miramar Hotel, located in the City of Viña del Mar, Chile.

The main purpose of the Seminar was to identify means and instruments whereby the pension fund managers can broaden their current efforts for solving the pension problem and furthermore, extend them to other areas of interest so as to improve the quality of the population s social security protection.

There was three approaches for meeting this objective. In the first place, different ways were explored in which the individually funded programs can extend their coverage to sectors of the population that are not currently engaged in pension saving or are doing so through other types of vehicles that are less appropriate for providing an effective solution to the pensions issue. Secondly, ways were explored whereby the pensions industry can take advantage of its experience and capacity for attending to other social needs of the population. Finally, organization and process alternatives that enable improving the operational management and effectiveness of the industry were analyzed.

The seminar had a practical focus aimed at highlighting the characteristics and the results of concrete experiences that could serve as a reference for fund management companies, legislators and supervisors for innovating and improving their own processes and regulations.

This is why the invited speakers presented concrete cases of policies, products and management and organizational models that were useful to those attending for identifying new opportunities and encouraging them to revise the way in which they regulate or manage their respective agencies. Furthermore, dialogue between the audience and the speakers and discussion between them were especially encouraged.

This seminar coincided with FIAP s Annual Assembly and was the eighth of a series beginning in 2002. As on former occasions, more than 200 participants from different countries worldwide attended the conference (FIAP members and others), including government authorities, members of parliament, officers of international agencies, representatives of pension fund managers and other personalities related to the social security sphere.

To review the Seminar program and the presentations, please download the attached documents.

Para revisar el programa del seminario y las presentaciones que se efectuaron, por favor descargue los documentos adjuntos.

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Attached Files

Sebastián Edwards - "Crises and Pensions: Lessons from the Global Financial Collapse"

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Felipe Kast - "Challenges for the Extension of Coverage to Lower Income Workers" (Only Spanish Version)

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Natalia Millán - "The Pension System in Colombia: Challenges and Options for the Increasing Coverage" (Only Spanish Version)

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Eduardo Fuentes - "Encouraging the Voluntary Contribution of the Self-Employed Workers to the Pension Fund" (Only Spanish Version)

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Carlos Herrera - "Subsidies on Contributions: The Experience of Mexico" (Only Spanish Version)

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Joseph Ramos - "New Uses for Fully-Funded Systems: Unemployment Insurance" (Only Spanish Version)

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Augusto Iglesias - "Voluntary Pension Saving" (Only Spanish Version)

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Michael Cannon - "Personal Medical Accounts: An Alternative to Compulsory Health Insurance"

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Wenceslao Casares - "How to Innovate in a Regulated Industry"

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Ross Jones - "Pension Information and Organisation"

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Dariusz Stanko - "Cases of Information Campaigns Implemented by the Industry"

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Solange Berstein - "Cases of Strategies and Information Campaigns Implemented by the Supervision Agencies" (Only Spanish Version)

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Lorenzo Larach - "PreviRed: The Chilean Model of Collecting Contributions by Internet" (Only Spanish Version)

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Miguel Gil-Mejía - "Centralized Models of Social Security: The Experience ofr UNIPAGO, Dominican Republic" (Only Spanish Version)

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Sergio Baeza - "SCOMP: Chile's Experience in Reducing the Transaction Costs of Retirement Annuities"

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Carlos Hurtado - "Infrastructure Investment. Challenges for Regulations and Public Sector Policies: The Chilean Case" (Only Spanish Version)

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Britt Gwinner - "Residential Real Estate - Value After the Subprime Crisis"

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Helga Salinas - "Loans to Micro Companies"

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Robert C. Merton - "Observations on Individually Funded Pension System Design: Advances for the Future"

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Programme of the FIAP International Seminar 2010

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Programme of the 3rd FIAP - ASOFONDOS International Congress (Only Spanish Version)

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Miguel Largacha Martínez - Inaugural speech (Only Spanish Version)

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Diego Palacio Betancourt - Opening of the session (Only Spanish Version)

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Laurens Swinkels - New trends in the european pension systems (Only Spanish Version)

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Pablo Antolín - New policies for the defined contribution pension systems (Only Spanish Version)

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Eduardo Walker - Financial performance of the pension funds - An exploratory study (Only Spanish Version)

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Heinz Rudolph - Pension funds, portfolio assignment based on the life cycle and performance assessment (Only Spanish Version)

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Mauricio Santamaría - Effects of regulation on coverage and the sustainability of the pension system - Lessons for Colombia (Only Spanish Version)

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Roberto Borrás Polanía - Opening of the session (Only Spanish Version)

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Ricardo Caballero - The global crisis - The process of recovery of the world economy and its impact on Latin America (Only Spanish Version)

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Augusto de la Torre - The global crisis - The process of recovery of the world economy and its impact on Latin America (Only Spanish Version)

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Oscar Iván Zuluaga - The global crisis - The process of recovery of the world economy and its impact on Latin America (Only Spanish Version)

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Luis Carranza Ugarte - The global crisis - The process of recovery of the world economy and its impact on Latin America (Only Spanish Version)

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Luis Vía - The futures markets and financial crises - new trends in risk management in the derivatives markets (Only Spanish Version)

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Sam Pollock - Investment in infrastructure and private equity funds in the current economic environment (Only Spanish Version)

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David Tuesta - Projections of the impact of the pension funds on investment in infrastructure and growth in Latin America (Only Spanish Version)

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Juan Benavides - Infrastructure in Colombia (Only Spanish Version)

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Juan Martín Caicedo - Infrastructure in Colombia (Only Spanish Version)

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Santiago Montenegro - Closure session (Only Spanish Version)

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2010 FIAP International Seminar Summary of Presentations

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