Affiliates Present First Appeals Against PFAs Due to a Sharp Fall in Fund E
4 Articles
4 Articles
There are already at least two affiliates who entered protection appeals, one filed against AFP Capital on Saturday before the Santiago Court of Appeals; and another filed on Sunday against AFP One before the Puerto Montt Court of Appeals.
The fall of Fund E, the most conservative of the multi-fund system, began to move to the courts. Two affiliates filed protection appeals against AFP UNO and AFP Capital, questioning the investment decisions taken by both administrators and asking to clarify whether the losses recorded in their savings were due exclusively to fluctuations in [...]
Two members of the Pension Fund Administrators filed protection appeals for losses recorded in Fund E. One in the Puerto Montt Court of Appeals, against AFP One and the other in the Santiago Court of Appeals, against AFP Capital According to 24Hours, both question how their savings were managed [...] The post Losses of Fund E: Two members filed protection appeals filed first on La Nación.
Protection resources directed against AFP Capital and AFP UNO question the management of the administrators before a collapse of more than 10% registered this year. The writings ask to suspend investments in derivatives and long-term fixed income, together with requesting the restitution of the depreciated amounts. The debate over the massive devaluations in the [...] The Affiliados entrance opens judicial front against the AFP in the courts of …
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
