President asks private funds to “bring pension savings to the country”

The US Federal Reserve (Fed) and the Treasury Department announced measures following the current situation of the bankruptcy of the Silicon Valley Bank (SVB), entity that specialized in emerging companies, ventures and that was characterized by investments in the technology industry.

(Read: According to the Ministry of Health, functions must be subtracted from the EPS).

After declaring it insolvent, the sectors that they based their transactions on dollars or had deposits in this bank have begun to show their concern and the uncertainty is increasing.

in the last hoursPresident Gustavo Petro He asked the administrations of private pension funds in the country to “bring pension savings to the country” due to the “collapse of foreign markets.”

“Today, 55% of the pension fund portfolio, that is, the stock of contributors’ savings, is outside the country“, assured the president, referring to Colfondos, Porvenir, Protección and Skandia.

(See: Against the clock: merchants criticize agreement on reforms).

The request, in addition, is given two days before the Government goes to file the pension reform before Congress, according to his plans. A project that seeks to change the way pension savings are managed in the country.

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