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CMF, SP publish for consultation amendments to SCOMP regulation

The proposal includes an amendment to the pension system that removes external offers from the SCOMP.

June 17, 2025 - The Financial Market Commission (CMF) and the Superintendence of Pensions (SP) published for consultation a joint regulation amending the System of Consultations and Offers of Pension Amounts (SCOMP, for its Spanish acronym). The SCOMP provides comparable information about life annuity and programmed withdrawal pension offers to people during their retirement process.

The proposal aims to introduce an amendment to the pension system passed in March that removes external offers from the SCOMP as of September 1, 2025. This means companies must provide their best offers within the System, thus eliminating pension offers outside it. The regulation includes a transition period allowing insurance companies to include external offers in Offer Certificates issued until August 31, 2025.

Interested parties can access the Regulations Under Consultation section of the CMF website until June 27, 2025 to review the regulatory proposal in detail and submit their feedback.

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