Colombia probes private pension funds over state transfers
The regulator is probing private funds for withholding 8.7 trillion pesos from state-run Colpensiones. This follows a court suspension of a larger transfer decree.
Xurve View
Xurve View
Colombia is investigating private pension funds for failing to transfer 8.7 trillion pesos ($2.29 billion) to the state-run administrator Colpensiones. The financial watchdog announced the probe late Wednesday following a court-ordered suspension of a related government decree. The exchange rate used was $1 = 3,794.91 pesos.
