Pension savings: effects of the Petro proposal on pensions – Financial Sector – Economy
The idea of President Gustavo Petro to invite the Pension Fund Administrators (AFP) to return the pension savings of Colombians to local investments it can be more than counterproductive, according to experts. (Also read: Petro asks pension funds to bring member savings to the country). Petro asked this morning that foreign investments return to the country after the bankruptcy of Silicon Valley Bank (SVB) and two other banks in the United States. According to the president, "55% of the pension fund portfolio, that is, the stock of contributors' savings, is outside the country."Given the collapse of foreign markets, I ask…
