Chile Officials Turn Up Heat on Pension Funds Following Losses
22 Articles
22 Articles
Jorge Quiroz, Minister of Finance of the Kast government, supports the investigation against the provincial administrators: “Institutions must function”
Chile Officials Turn Up Heat on Pension Funds Following Losses
The Superintendency of Pensions reported that, after completing all control actions with respect to value losses that have particularly affected pension funds D and E, it decided to initiate a sanctioning process.
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laregionhoy.clThe Superintendency of Pensions (SP) announced its decision to start a sanctioning process against the seven pension fund administrators (AFPs) after the sharp fall of the E fund in recent months, to which also losses are added in the D. The process seeks to investigate the eventual responsibility of the administrators in these ... Continue reading "Superintendency of Pensions initiates proceedings against the seven AFPs for the collapse of the …
Citizen By Leopoldo Lavín Mujica The seven Chilean AFPs, Capital, Cuprum, Habitat, Model, PlanVital, Providida and One, bet and lost $7.7 billion of workers' savings on speculative contracts on US interest rates, according to figures from the Superintendency of Pensions revealed by Bloomberg on Tuesday, October 13. [...] The entry When Chile's pensions lose on Wall Street, they win banks and El Mercurio cantinflea was first published in El Ciuda…
The monitoring agency reported charges to all system administrators after identifying complex transactions with financial derivatives abroad that resulted in a cumulative two-digit rollback in lower-risk portfolios.
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