World Finance interviews Eduardo Vildosola, CEO of AFP Capital, on the necessity for additional reform in Chile’s pension system.
In 1980, Chile reformed its pension provision from a public, pay-as-you-go system, to a non-public, particular person capitalisation one. It was one of many largest privatisation experiments of the time, and in the present day the system remains to be removed from good. Eduardo Vildosola, CEO of AFP Capital, discusses the aim behind the unique reforms, the challenges which can be left, and the way AFP Capital is working inside that framework to assist thousands and thousands of Chileans.
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