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AFP Capital manager defends fund E strategy after drop of more than 10%
Renzo Vercelli says AFP Capital acted within the rules and should only have pushed harder to create a fund F for short-term debt.
Pension Fund Administrators Association estimates Fund E decline would cut pensions by between 1% and 2%
The pension fund administrators' trade association said any errors in Fund E management should be investigated and penalized, and recommended seeking advice before retiring.
Pension fund managers' association says Fund E's decline is being investigated
León Fernández de Castro declined to call the swap bets imprudent and said compensation for members was not a matter for the association.
Pension fund administrators' association acknowledges concern over reputational damage after declines in funds E and D
León Fernández de Castro argued on Mesa Central that the pension industry is among the most regulated and had internal risk controls.
Foreign funds control most of the seven AFPs operating in Chile
Only two pension fund managers have 100% Chilean owners, and BlackRock, Vanguard and State Street appear behind several of them. Together they manage US$250,554 million.
Kast’s approval falls to 29%, his lowest rating in Cadem poll
Controversy over sentence reductions for child sex offenders and losses in pension fund administrators’ D and E funds marked a difficult week for the government.
Rabat blames previous government for reduced sentences for sexual abusers
The Minister of Justice announced a bill for immediate consideration to ensure victims are heard and a judge reviews the merits of each sentence reduction.
Chile sends a helicopter to Peru to fight wildfires in Cusco, Puno and Junín
The aircraft, funded with almost 140 thousand dollars from emergency funds, will operate for seven days under Peruvian technical command from Cusco.
UC visits Unión La Calera in round 25 with Chile 2 spot in sight
The Crusaders return to domestic competition after almost two months, facing a Unión La Calera side desperate to climb away from the bottom of the table.
Barros calls for Chile to remain an observer in U.S. coalition against cartels
The Kast government will send Undersecretary Pavez to the Dominican Republic as it decides whether to join the Southern Command initiative.
Justice falls to 19% approval, becoming the lowest-rated area of Kast's government
The Cadem poll shows declines in almost every area of the executive branch, in a week marked by sentence reductions for child abusers.
Lula campaign asks to extend voting in Brazil by two hours over bus shortage
The Workers’ Party accuses opposition mayors of cutting free transport in the runoff against Flávio Bolsonaro.
Ramírez (UDI) defends Rabat and accuses Boric government of breaking the law
The head of the gremialista party said the ministro de Justicia (Justice Minister) should not resign and that the way out is a bill that Congress would pass quickly.
Subcommittee rejects Education Ministry’s 2027 budget, leaving five local education services in doubt
Five local services due to launch in January were left without funding, while senators and the University of Chile Student Federation criticize education cuts.
Electoral Service rejects PDG's 2023 and 2024 financial statements, leaving the party without state funding
The party founded by Franco Parisi could end up before the Electoral Tribunal if a third financial statement is rejected, while the Prosecutor's Office investigates Luis Moreno.
José Antonio Gómez criticizes Rabat over sentence reductions: "It was not the right approach"
Bachelet's former minister recalled that in 2015 he rejected 500 decrees granting benefits and called for restructuring the law that allows sentences to be reduced.
Chile face Spain at the U-17 Women's World Cup needing a win
Vanessa Arauz's team have one point in Group F and need to beat leaders Spain to keep their hopes of reaching the round of 16 alive.
Electoral Service detects unsupported payment of $111 million to PDG leadership
The Electoral Service has not approved the PDG's accounts for 2023 or 2024, and the law allows the records to be referred to the Electoral Tribunal after three rejections.
Benjamín Moreno defends Rabat and revives the Monsalve case against the opposition
The Republican caucus leader accused the left of opportunism and said Congress also failed by passing the 2022 law without noticing the loophole.
