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Fund E records 39,388 net outflows between January and August, according to MMDV
While the most conservative fund loses members amid its declines in 2026, Fund A records 82,097 net inflows and is the only fund growing.
Quiroz had warned since 2021 that AFP pension fund E offered an "illusion of security"
Before becoming a minister, Jorge Quiroz proposed creating a short-term fund F to protect pension contributors from interest rate risk.
Paulina Núñez backs creating a Fund F after AFP pension funds' Fund E declines
The senator backed Minister Quiroz's proposal and called for AFP executives and the former regulator to be held accountable if their responsibility is established.
AFP Fund E falls 10.39% in real terms in 2026, with Modelo posting the largest loss
All seven AFPs are in the red in the most conservative fund, and Superintendent Joaquín Cortez expressed concern about the results.
Chile's Fund E loses 9.38% in real terms while Peru's riskiest fund gains 25.99%
Experts attribute the gap between the two countries' pension fund administrators to different investment rules and strategies, rather than one model being better than the other.
Minister Rau urges delaying retirement after AFP Fund E losses
The government is awaiting an investigation by the Superintendencia de Pensiones to learn whether there will be sanctions or restitution for the losses in the funds.
Fund E's 10.4% decline could lower pensions as Socialist Party seeks to curb fees
Claudia Sanhueza warns that recovering the losses would require returns above 11%, while Socialist Party deputies propose penalizing pension fund administrators in loss-making years.
AFP Capital manager defends fund E strategy after drop of more than 10%
Renzo Vercelli says AFP Capital acted within the rules and should only have pushed harder to create a fund F for short-term debt.
Drop in Fund E stalls changes to auction of existing AFP pension fund members
Ruling coalition deputies see no basis for changing the auction of pension fund members, while the industry questions whether AFP pension fund managers will buy the new housing fund’s debt.
Guzmán calls for penalties against those responsible for AFP Fund E plunge
Government supporters and opposition members demand that the Superintendency of Pensions investigate losses in the system's most conservative funds.
Pension Fund Administrators Association estimates Fund E decline would cut pensions by between 1% and 2%
The pension fund administrators' trade association said any errors in Fund E management should be investigated and penalized, and recommended seeking advice before retiring.
Arturo Cifuentes blames Osvaldo Macías for losses in the AFPs' Fondo E
The Clapes UC researcher argues that the lack of a duration limit on bonds left the most conservative fund in the pension system exposed.
Between 11,000 and 14,000 pension fund members in Ñuble exposed to AFP Fund E's decline
The AFPs' most conservative fund lost 10.39% in real terms between January and September, affecting people nearing retirement in Ñuble.
AFP Fund E falls 10.39% in real terms, and interest rate swaps point to the cause
Derivative contracts tied to U.S. rates amplified the risk of the most conservative fund, and experts question the rules set by the Superintendencia.
Pension Fund Administrators Association denies "bet" after Fund E falls 10.4% in 2026
The industry association attributes losses in the most conservative fund to rising U.S. interest rates and defends the use of derivatives as a long-term strategy.
Principal CIO attributes Fund E's decline to herd behavior among pension fund managers using swaps
Felipe Lira argues that regulation limits asset types but not risk, and that the new rules in 2027 will bring risk to acceptable levels.
Pension fund managers’ Fund E loses 10.39% in real terms in 2026 on interest rate swap bet
Derivative contracts that amplified the impact of rising US interest rates explain almost the entire decline in the most conservative fund, which has 768,836 members.
Former pension fund executive on Fund E: "Greed won out over responsibility"
Pension fund managers face disciplinary proceedings, criminal complaints and a united Congress after US$7,700 million in paper losses in the most conservative fund.
Fund E falls 10.4% as Socialist Party proposes banning pension fund manager fees in years with losses
Recovering the losses would require returns above 11%, twice the historical average, warns former Undersecretary of Finance Claudia Sanhueza.
Jeannette Jara calls Fund E's decline brutal and urges compensation for members
The former Labor Minister demanded transparency from pension fund administrators, rejected another pension fund withdrawal and criticized the Kast government's economic management.