Regulatory Alerts2026-07-13
Added
Circular Letter No. 1423 — Communicates Interest Rate for Updating — August 2026
The Financial Market Commission establishes the interest rate for updating at 2.91% real annual for insurance claims of affiliates whose death or final invalidity determination occurred in August 2026. This rate applies to the calculation of capitals financing reference pensions for invalidity or survivorship under Decree Law No. 3,500 of 1980. The directive is addressed to all second-group insurance entities.
REF: Communicates interest rate for updating – August 2026.
CIRCULAR LETTER No. 1423 July 13, 2026
To all second-group insurance entities
Article 55 of Decree Law No. 3,500 of 1980 establishes that the Financial Market Commission must indicate the interest rate for updating that will be used for the calculation of the capitals that finance the reference pensions of affiliates to the pension system, created by the aforementioned decree law, who are in conditions to generate invalidity or survivorship pensions.
Regarding this, I fulfill the duty to inform that the interest rate for updating applicable to the claims of affiliates, whose date of death or that on which the sole or second invalidity determination becomes final, as applicable, occurs in the month of August 2026, is 2.91% real annual.