Participation of Pfas in Voluntary Pension Savings Falls to Its Lowest Level Since Registration

La Tercera

Lean Right

Factuality

Ownership

People have been changing their preferences regarding what type of companies they prefer to manage the funds they allocate for Voluntary Provident Savings (APV). Until September 2021, half or more of the total accumulated balance in APV was managed by the AFP. In fact, in 2013 it became 56% of the total. But in recent years the share that the AFPs have in the total balance of APV has been decreasing, and in June it reached its lowest level that …