Privatised pension systems lose their attraction
by Canning House Associate Fellow Andrew Thompson
Every week, Andrew Thompson draws on his great wealth of knowledge and experience of Latin America to bring our audience in-depth insights on economics, political risk, and business in the region.
This week, he considers how state-led changes to the privatised pension systems of Chile and Mexico indicate a shift in approach as two of Latin America's biggest economies fashion their post-pandemic "economic models."
These stories are also available on Andrew’s blog site:
On 22 July the Chilean Senate voted to allow citizens to withdraw up to 10% of their savings from the AFPs – privatised pension funds. On the same day Mexican president Andrés Manuel López Obrador (AMLO) announced plans to boost pensions paid out by the Afores pension funds by 40%.
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