On October 23 and 24, the FIAP-AMAFORE International Seminar was held, organized jointly by the International Federation of Pension Fund Administrators (FIAP) and the Mexican Association of Retirement Fund Administrators (AMAFORE), at the Center Citibanamex of Mexico City. More than 980 people attended these two days of work, and more than 40 speakers and panelists participated. As on previous occasions, we had international experts and participants from different regions of the world (FIAP members and others), including government authorities, parliamentarians, officials from international organizations, representatives of pension fund administrators, mutual funds and insurance companies, and other personalities related to the financial and social security fields.

During the seminar, a conscious effort was made not only to reduce waste, but also to promote recycling. In addition, topics related to the success that the individual savings pension system has had in obtaining excellent returns for the benefit of workers, the better functioning of the retirement savings system in the investment and decumulation phases and the challenge to include more people were discussed, among others.

The FIAP President, Guillermo Arthur, during his speech at the 2023 FIAP-AMAFORE International Seminar

In his opening speech at the Seminar, the president of FIAP, Guillermo Arthur, stated that, as a result of the exchanges of experiences over the years, proposals have emerged that, when transformed into laws, have improved the response capacity of pension systems based on individual savings. To name a few of these proposals, from the need to address the situation of each member, multi-funds emerged and today they are an essential part of the regulations of most countries and have contributed to improving profitability and generating greater contact between the administrators and their affiliates. From the same debates, he noted, the gradual but growing incorporation of new investment instruments (such as equity and alternative instruments, etc.) also emerged that expanded the timid portfolio with which each of the legislations had installed this new individual savings system, thus improving the diversification and security of portfolios. Voluntary pension savings, he indicated, have been another subject of analysis with behavioral economics (automatic enrollment with opt-out option), faced with the need to increase the funds that finance pensions. To review the full speech of the FIAP president, please download it here (only the Spanish version).

The broadcasts of the two days of the Seminar can be found on the AMAFORE YouTube channel: https://youtube.com/playlist?list=PL7UaD2Jaba6uSYcc7zgJspdYwNJMN_jzh&si=fe3LDjbZwYOXgk8t