Mexico Sets 2026 Afore Fees at 0.54%, PensionISSSTE at 0.52%, Cutting System Average to 0.538%

Overview

• Nine private Afores will charge 0.54% in 2026 while public manager PensionISSSTE will charge 0.52%, lowering the system average from 0.547% to 0.538%.
• The change was approved by worker, employer and government representatives in CONSAR’s governing board during its third extraordinary session of 2025.
• The maximum commission is set using the arithmetic average of fees in defined‑contribution systems in the United States, Colombia and Chile.
• CONSAR estimates the new schedule will save workers 6.9 billion pesos in 2026, contributing to a projected cumulative 214 billion pesos in savings by 2031.
• Robust 2025 performance underpins the decision, with Afores posting 1.1 trillion pesos in gains from January to October—up 95% year over year—and SAR assets exceeding 8.2 trillion pesos, about 23.3% of GDP.