Life insurers in legal battle to prevent client profits from being taxed

The Court of Appeals is analyzing the case. A decision against insurers could discourage people from using life insurance vehicles for savings, and push more clients to mutual funds.

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Menu of voluntary-retirement products likely to expand with derivatives ruling

Before the easing of rules by Chile's Financial Market Commission, fund managers (AGFs) had been unable to launch a retirement-share-class for any fund whose investment policy allowed the use of derivatives for speculative purposes.

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