At the end of 2022, the Afores (retirement fund managers) amounted to 5.2 trillion pesos; This figure implied a year-on-year contraction of 7.6%, according to figures from the consar (National Commission of the Retirement Savings System).
This would be the first to record a fall at the end of the year.
The pressures were mainly temporary and generated significant volatility throughout the financial system; further 2022 was a year of significant losses Worldwide.
Despite this, experts project that 2023 will be a year of recovery for the sector; and that the minimum points would have been reached previously.
