In real terms the actual return of pension funds in El Salvador is still negative.
The nominal return in August on Salvadoran pension funds was 3.50%, but because inflation reached 6.82%, the loss of value to contributors savings was 3.32%.
The cause of this is ascribed to the inability of pension fund managers of to invest in assets other than those specified securities issued by the Salvadoran state, which supposedly are low risk, but which pay very low interest rates . "The Law of Pension Savings System (SAP) does not allow pension funds, made up with savings of contributors to the system, to be invested abroad."
Business Magazine América Economía presented its 2009 ranking for the industry, along with an analysis of its key aspects.
América Economía's 2009 Pension Fund Administrator ranking lists the top 100 Latin American operators. Three are from Central America: Confía and Crecer from El Salvador, 46th and 50th, and Costa Rica's "Popular Pensiones", in the 96th position.
A General Practice law firm which specializes in Business and Commercial Law as well as Foreign Investment in Costa Rica. Our firm originally established in 1940, currently operates offices in San José and Guanacaste
Operates in Costa Rica
Phone: (506) 2258 2525
We are specialized in Residential and Commercial Real Estate Development and in the Hospitality and Tourism Industry. We provide integral support to investors and projects. Our market share is 71% +
Operates in Nicaragua
Phone: (505) 2270-1320
The law firm Alvarenga & Mirón is created to respond to the necessities of the global legal market that requires legal advise, notarial and litigation services in general of the highest quality.
Operates in El Salvador
Phone: (503) 2223 6904 - (503) 2224 3846