FA President: “If the AFP Bet on People’s Retirements, It Is They Who Have to Pay”
5 Articles
5 Articles
The Frente Amplio directive and its parliamentarians handed over a proposal to sanction the AFPs for losses in pension funds and announced a bill to modify the fee collection model.
The bank will promote a project to prevent administrators from withdrawing profits when the funds of their affiliates register losses. It also promotes a special session of the House and supports a commission of inquiry to clarify the operations and possible responsibilities. To prevent AFPs from withdrawing profits when the funds of their affiliates register losses [...]
The Frente Amplio (FA) announced two legislative measures to increase the responsibilities of the Pension Fund Administrators (AFPs) following losses recorded by Fund E. According to 24Hours, the president of the community, Gael Yeomans, criticized the investment decisions of the AFP. He said that the affiliates should not assume the consequences of [...] The post Losses of Fund E: Frente Amplio proposes two measures to sanction the AFP appeared…
Both the Broad Front and the Communist Party announced a series of legislative initiatives for Pension Fund Administrators (AFPs) to take responsibility for the million-dollar losses related to investments derived from foreign interest rates and the impact they have had on pension savings. Let’s remember that Bloomberg revealed that the investments [...] The Opposition entry announces measures for AFP to respond to millions of pension fund losse…
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