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