Peru in flux over pension law

clock •

PERU - The Congreso de la República (national congress) has postponed debate over a controversial law which would allow the transference of funds from private pension funds to the state system.

Peru is one of 28 countries worldwide to have implemented a pensions system based on the model set by Chile in 1981. The system is based on personal saving in individual accounts, managed by privat...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here

Join now

 

Already a Professional Pensions
member?

Login

More on Peru

Peru

Peru to 'shield' pension funds from Humala, Benavides says

PERU - Peru will seek to toughen laws to prevent presidential front-runner Ollanta Humala from tampering with $30bn managed by private pension funds should he win next month's election, Finance Minister Ismael Benavides said.

John Quigley at Bloomberg News
clock 05 May 2011 •
Peru

Peru proposal will allow pension funds to invest more abroad

PERU - A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers' investments overseas.

Bloomberg News
clock 28 April 2011 •
Peru

Peru's top pension fund buying stocks after election slump

PERU - Prima AFP, Peru's biggest pension fund manager, is taking advantage of the biggest stock selloff in more than two years and declines in the country's bonds and currency to buy assets on a bet prices will rebound after presidential elections.

John Quigley at Bloomberg News
clock 21 April 2011 •
Trustpilot