The bill shielding the fund administrators Pension Funds (AFP), AFP seeks to protect rather than savers' funds, said the congressman-elect Peru Possible, Víctor Andrés García Belaunde. "This (project) is to shield the very high and unreasonable fees charged by the AFP and not to shield the funds," he said.
Based on a World Bank report issued last eight years, the legislature noted that fees charged in the country are the highest in the region.
"If you bring S /. 100.00 to its pension fund, you pay S /. 35.00. However, if voluntarily paid the same amount to an independent, the fee is a new sun. That is, there are 35% difference, "he said in talks with RPP Noticias. According
Belaunde, there is no reason why the commissions are high because "money is the same, you invest in the same way and the fund is managed in the same way."
Meanwhile, Manuel Paz Soldan, former general manager of Pro Futuro, said that high rates respond to the low coverage that has already cost overruns.
On the other hand, Rafael Yamashiro, president of the commission of Economics, said Monday in an extraordinary session will discuss the bill, sent on Wednesday by the Executive.
LaRepublica.pe
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