We are pleased to announce that Pensión has received a research grant from the Investments & Wealth Institute for our project titled: "A New Life-Cycle Fund Design under Human Capital Risk and Parameter Uncertainty: Evidence from Selected Emerging Market Countries."

This study aims to provide insights into the design of more efficient and low-cost default investment options within emerging market countries, where the prevalence of mandatory and auto-enrollment pension systems has grown significantly over the last decade. The conclusions derived from this research will contribute to improving pension systems and addressing the unique challenges faced by these markets.

We are excited about the potential impact of this project and look forward to sharing our findings in the near future.