Retirement Savings Proposal Sparks $7 Billion Investor Panic in Peru
LIMA, Peru – Investors are expressing concerns over a proposed policy change in Peru that could potentially impact pension funds. The proposal, if passed, would allow Peruvians to access their retirement savings, potentially leading pension funds to sell off assets to provide up to $7 billion for withdrawals. The Peruvian Congress is set to vote on this bill on Thursday, prompting investors to take preemptive action. There is a growing anticipation that private pension fund …