The Dominican Republic Pensions Superintendency has approved the integration of Administradora de Fondos de Pensiones Popular and Administradora de Fondos de Pensiones Romana. The transaction, announced by the pension fund managers, will move AFP Romana members into AFP Popular and is intended to expand coverage, strengthen operating capacity and improve service delivery, while leaving members' pension funds and individual accounts unchanged and under their ownership. The integration is being carried out under the existing regulatory framework and under the supervision of the Pensions Superintendency and other competent authorities. The firms said the operation is expected to generate efficiencies, strengthen processes and support faster, more consistent and more transparent service. AFP Popular also said it will maintain communication with members and other stakeholders, with a focus on service continuity, regulatory compliance and an orderly transition supported by a more integrated service network and channels.

Original source Back to tracker