Provida, for many years the leader in overall AUM in the Chilean AFP industry, has reduced its fees and made a key hiring on the investment side to shore up its sagging market share.
AFP Planvital upheaval has different effects on industry and actors
February 25, 2014 by
The low-ball offer of Planvital will put trememdous pressure on its larger rivals to trim their fees, at least somewhat. Most in the industry fear that the government will still pursue its plan to launch a low-cost, state-run AFP, to compete with other industry players.
