National Commission of the Retirement Savings System
Mexico
Americas

Certifications on financial matters, derivatives, structured instruments
and environmental, social and governance factors for Retirement Fund Administrator staff members in investment and risk management departments

Implementation year
2016

Mexico’s National Commission of the Retirement Savings System (Comisión Nacional del Sistema de Ahorro para el Retiro – CONSAR) runs a professionalization training programme for the investment and risk management teams of Retirement Fund Administrators (Administradoras de Fondos para el Retiro – AFOREs). In this system, AFOREs’ staff members receive certifications from a recognized and prestigious independent third party that delivers training in financial matters. This certification looks to recognize staff members’ general knowledge of investments, derivatives and structured instruments (alternative investments, private equity, venture capital, real estate and infrastructure) as part of their role.

In addition, considering the importance of including environmental, social and governance (ESG) factors in the investment and risk processes of pension funds, as of September 2023, at least one staff member in the investment department must be certified in environmental, social and governance matters, in order to implement and monitor these policies in the investment strategy.

Topic:
Old-age pensions
Investment