“The transfer of individual accounts that have voluntary contributions in any of their subaccounts will not be considered,” Consar detailed in the decree published in the DOF on Tuesday.
Consar stressed that the promoters, now called “provisional advisors”, should focus on factors that contribute to increasing savings for retirement and consequently improve the replacement rate.
The plan is to avoid bad practices where advisors changed workers from Afores and received a commission for doing so. Some workers were even changed without their consent.
It was also established that when the Afore identify risk factors in the registration and transfer processes of individual accounts, they must implement the necessary preventive or corrective measures to mitigate them.
With this new figure of provisional advisers, the Consar considers that it can generate a reduction in spending and generate efficiencies.
The entity may also ask the administrators for a report on the performance of the functions of the Promoter Agents and Provisional Advisors.
