What can Mexico do to address the problem of pensions

By Elliot Bullman

The CFA Institute wishes to collaborate given its experience, said John L. Bowman, Managing director for the Americas.

Diversifying the Afores investment portfolios to raise returns and increase savings for retirement is one of Mexico's most critical priorities to improve its pension system.

pensiones mexico

"We can help the authorities in the design of the road map that leads to a better system. We believe this will not be before the 2018 elections but we hope it will be a priority for the new administration because this is urgent," John L. Bowman, Managing director for the Americas warned in an interview.

Bowman stressed that the most recognized institute in global finance and asset management, wants to collaborate with Mexican authorities to work on its reform, which is urgent, he said.

Last week, the CFA Institute announced a collaboration agreement with the Mexican Association of Stock Brokers (AMIB) to raise the level of professionalism of the participants in the national financial markets.

pensiones mexico3

The agreement with the AMIB was the second step in the process of deepening its relationship with Mexico, first when in June 2015 it signed a collaboration agreement with Banco de México and the National Commission for the Retirement Savings System (Consar). The next will be to reach agreements with private banks, asset management firms, among others, said the manager.

A CFA certification is valuable internationally as it means the highest level of education among the professionals in asset management and finance. Currently in Mexico are 300 financial professionals members of the institute, who have the CFA Institute badge and with this alliance hope to accelerate growth to one thousand members in the next five years.

“Global financial organizations are looking for professionals with certification and in addition to the one that has it opens the doors to any market in the world, the country is rewarded in the development of its financial markets to attract more investment," said Bowman.

pensiones mexico2

RELATED NEWS

  • Spain and Mexico’s Trade Relations Curdle over Manchego DisputeSpain and Mexico’s Trade Relations Curdle over Manchego Dispute
  • Cape Town Water crisis: Cape Town Water crisis: 'Day Zero' Draws Near
  • MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018MORGAN STANLEY: Here are the 6 internet stocks to bet on in 2018
  • Ford announces $11B investment, 40 electrified vehicles by 2022 at Detroit Motor ShowFord announces $11B investment, 40 electrified vehicles by 2022 at Detroit Motor Show
  • Automobile Revenues will fall 40% due to Electric and Autonomous VehiclesAutomobile Revenues will fall 40% due to Electric and Autonomous Vehicles
  • Mexico debuts its best startups for 2018 at CESMexico debuts its best startups for 2018 at CES
  • Inside the Secret Society Running the World of CryptocurrencyInside the Secret Society Running the World of Cryptocurrency
  • Opinion: Who Will Profit Off the Next Crash?Opinion: Who Will Profit Off the Next Crash?
  • This is how Jeff Bezos will support the This is how Jeff Bezos will support the 'dreamers'
  • Oil Reaches $70 a Barrel for First Time in Three YearsOil Reaches $70 a Barrel for First Time in Three Years
  • Peso predicted to make comeback in 2018: BloombergPeso predicted to make comeback in 2018: Bloomberg
  • Chihuahua´s governor denounces Government reprisals for PRI corruption investigationChihuahua´s governor denounces Government reprisals for PRI corruption investigation
WATCH LIVE TV



Most Read Articles
Most Watched Videos
  • Generations Riviera Maya
  • Mayair

Language

Mexico News Network
All rights Reserved 2018