Sunday, December 14, 2008

Insurance - El Salvador - Pension fund assets rise 14.2% in 12 months to October

El Salvador's two private pension fund managers (AFPs) held US$4.45bn in assets under management at the end of October, a 12.4% nominal rise compared to the same time in 2007, the country's pension regulator reported.


The 12-month inflation rate stood at 7.4% at end-October.

Pension assets under management at October 31 were equivalent to 23.8% of El Salvador's GDP compared to 21.2% at the same time in 2007.

The number of active affiliates had risen 3.6% to 582,127 at end-October from 562,094 a year ago.

Active affiliates accounted for 32.5% of total registered affiliates, down from 36.2% at end-October last year.



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