PPK would seek to reverse damaging law allowing retiree withdrawal of pension assets

In one month alone, withdrawals of around USD 300 million were made, and it is estimated that in one year withdrawals could reach 10% of the total Peruvian pension fund.

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AGFs have not yet assimilated new supplementary activities

This new regulation authorizes supplementary activities for companies that manage mutual funds and closed-end investment funds, including managing and distributing shares of foreign funds and providing investment advisory services to local firms.

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