Operators pension resent low yields
The low yields hit the income received by the operators of pensions (OPC), and thus their profits.
Wednesday, March 26, 2008
Revenues from the OPC-together-were reduced by 21% in the past year, going from ¢ 3,580 million in February 2007 to ¢ 2,810 million in the past month.
Given the low returns from pension funds in El Salvador, there is discussion on removing the requirements for operators in order to invest in more instruments.
The obligation to satisfy the state’s appetite for money is compromising the profitability of pension operators and the size of contributor’s future pensions.
The funds had high profitability and low risk last year in November, but the same month this year the profitability dropped and the risk increased.
A fall in the yields of Costa Rican pension funds, and increases in their costs, are hitting their profits. Pension fund members are losing out too, indirectly.
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