February 6, 2019
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Amendments to the Pension Funds Systems Law
On January 16, 2019, the federal executive branch of the Mexican Government introduced a legislative proposal (the “Proposal”) to the House of Representatives (Cámara de Diputados) of the Mexican Congress to amend various provisions of the Pension Funds Systems Law (Ley de los Sistemas de Ahorro para el Retiro). The following are the main amendments introduced by the Proposal:
A. New operating model for Afores.
B. New investment opportunities.
C. Performance Fee.
D. Withdrawal of voluntary deposits.
To read the full newsletter, please download the PDF here.
For further information with respect to the Proposal, please get in touch with your regular contacts at Nader, Hayaux & Goebel.