AFORE

E918374

AFORE is a Mexican private retirement fund administrator that manages individual workers’ pension savings accounts within the country’s mandatory retirement system.

All labels observed (3)

Label Occurrences
AFORE canonical 3
Afore Banamex 1
Afore XXI Banorte 1

How this entity was disambiguated

Statements (48)

Predicate Object
instanceOf Mexican retirement fund administrator
financial institution type
pension fund administrator
acronymFor Administradora de Fondos para el Retiro
associatedWith SAR
Sistema de Ahorro para el Retiro
beneficiary Mexican workers
retirees in Mexico
benefitType old-age pension
retirement lump-sum withdrawals
survivor benefits (through pension balances)
contributionSources employee contributions
employer contributions
government contributions
contributionType individual capitalization accounts
country Mexico
currency Mexican peso
fundingSource mandatory pension contributions
voluntary pension contributions
languageOfAcronym Spanish
legalFramework Ley de los Sistemas de Ahorro para el Retiro
Mexican social security law
manages individual retirement savings accounts
workers’ pension savings
obligation comply with CONSAR investment limits
disclose fees and performance
report account balances to workers
offers individual pension accounts
retirement savings products
operatesIn Mexico
partOf Mexican mandatory retirement system
primaryClients IMSS-affiliated workers
ISSSTE-affiliated workers
formal sector workers in Mexico
purpose administration of retirement savings
generation of returns for retirement
investment of pension funds
regulatedBy CONSAR
Comisión Nacional del Sistema de Ahorro para el Retiro
regulates none (regulated entity, not regulator)
revenueModel management fees on assets under management
riskManagement investment diversification
sector financial services
pension system
systemType defined contribution pension system
targetOutcome income replacement in retirement
usesInstrument SIEFORE
Sociedades de Inversión Especializadas en Fondos para el Retiro

How these facts were elicited

Referenced by (5)

Full triples — surface form annotated when it differs from this entity's canonical label.

Banamex hasSubsidiary Afore Banamex
linked to: AFORE
Banorte hasSubsidiary Afore XXI Banorte
linked to: AFORE