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Mexico’s Afores Gain MX$21 Billion in January 2024
By MBN Staff - Mon, 02/19/2024 - 15:14
Retirement fund managers (Afores) gained MX$21.05 billion during the first month of 2024 following drops in 2023.
https://mexicobusiness.news/tag/afores
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Afore Withdrawals Soar 101 Percent Due to Unemployment
By MBN Staff - Thu, 07/16/2020 - 12:22
Afore withdrawals saw an all-time high in June. However, AMLO is confident that his government will create 2 million jobs by the end of 2020
Recession Forecasts Worsen, Pensions Reconsidered
By Peter Appleby - Thu, 06/25/2020 - 18:00
Mexico has not seen the last of COVID-19 and its effects on the economy. Dire expectations and reforms to the afore system in this week’s roundup.
CCE Pensions Proposal 90 Percent Complete: Minister of Finance
By Peter Appleby - Mon, 06/22/2020 - 15:24
Despite ongoing differences, CCE is working with the government on a proposal to reform the Afore system.
New Traffic Light: 15 States in Red, 17 in Orange
By Ricardo Guzman - Fri, 06/19/2020 - 21:36
Epidemiological traffic light upgrades only Hidalgo to orange, the rest is left unchanged; 170,485 total cases and 20,394 deaths are confirmed
Fintech’s Presence Growing Stronger
By Peter Appleby - Fri, 06/19/2020 - 13:07
The top stories from finance this week.
Afore Savings Up Despite Tough Economic Conditions
By Peter Appleby - Thu, 06/18/2020 - 13:31
Severance payments from job losses may be driving higher investment levels, says economist.
How to Best Address Afores’ Much Needed Reform?
By Peter Appleby - Wed, 06/10/2020 - 17:04
Soon-to-be retirees are set to receive a pension that will not cover their retirement. Do Afores need changing?
Covid-19 Could Reduce the Number of Afores in Mexico
By Gabriela Mastache - Fri, 06/05/2020 - 10:43
The current COVID-19 crisis could prove to be the demise of many Afores in Mexico, leading to less competition.
Afores’ Positive Performance Boosted By Global Economic Recovery
By Gabriela Mastache - Thu, 05/21/2020 - 13:01
Afores and banks continue to register positive performance. However, this does not mean the country’s financial system is out of the woods yet.