The meeting gathered representatives of the financial sector to review in more detail the creation of the Autonomous Pension Protection Fund and the institutional changes that will usher in a new phase in pension management.

Depósito Central de Valores (DCV) initiated its “Capital Market Conversations” series with a discussion about the new pension system. The meeting brought together more than twenty representatives from the financial sector to discuss the challenges of establishing and projecting the Autonomous Pension Protection Fund, the body created by the Pension Reform responsible for the new Social Pension Insurance.

The session featured a presentation by Enrique Marshall, Chairman of the Board of Directors of the Fund, who provided a detailed overview of the initial steps in launching the entity, its governance, and the mechanisms that will ensure efficient and transparent resource management.  “The fund is a new entity established as a result of the Pension Reform. We are a technical and autonomous organization, and we are eager to inform and share who we are, our mandate, the challenges we face, and the expectations the public has of us. So, this kind of meeting with actors who are directly and indirectly involved in the pension system is particularly interesting to us, and we value it greatly,” Marshall said.

During the meeting, the institutional coordination processes between the fund, the Superintendency of Pensions, and DCV were also discussed, along with the technological and operational challenges related to managing the new financial instruments linked to the reform.

DCV, with more than three decades of experience, has been an essential part of the Chilean capital market infrastructure. Its experience as a custodian and administrator of financial instruments has earned it the trust of lawmakers to take on a new strategic responsibility: collaborating directly in managing pension bonds and designing the technological infrastructure that will enable the system to operate securely, with traceability and legal

We are part of the institutions that will enable the implementation of the pension reform, which is the largest overhaul of the pension system in over forty years. As a Central Securities Depository, we aim to contribute with our technical expertise and commitment to excellence to best address this country’s challenge, which is also a core part of our mission: to provide robust solutions for the development of the financial market and its needs,” says Rodrigo Roblero, General Manager DCV.

This involves collaborating with public agencies responsible for overseeing and regulating the new system, creating information exchange processes and digital platforms that promote efficiency and transparency. Although this task is not highly visible to the public, its correct execution will be crucial in providing support and security to millions of members who will benefit from the new Social Security Social Insurance.

With this meeting, DCV established a space for ongoing dialogue on the challenges faced by the capital markets amid a period of structural transformation. “Capital Market Conversations” serves as a forum for experts, authorities, and participants in the financial ecosystem to discuss current market transformations and their impact on enhancing confidence and sustainability within the Chilean market.