Superfinanciera defendió borrador de decreto de repatriación del ahorro pensional y le ve grandes oportunidades
César Ferrari, superintendente financiero. Foto: Archivo EL TIEMPO
TL;DR
- Colombia's Financial Superintendence believes a draft decree to repatriate pension savings invested abroad will boost the local capital market and economic growth.
- Superintendent César Ferrari estimates that pension funds grow by approximately $42 trillion Colombian pesos annually, which could become a significant source of liquidity if invested domestically.
- Ferrari contends that repatriating these funds will address a long-standing liquidity scarcity in the Colombian economy, enabling greater investment in productive projects.
- The core debate revolves around whether the local market has the capacity to absorb these repatriated funds effectively and invest them productively.
- Pension fund administrators, represented by Asofondos, criticize the proposal, arguing that restricting international diversification is detrimental, potentially leading to lower profitability and poorer risk management.
- Asofondos plans to submit comments on the draft decree, emphasizing the benefits of diversified portfolios for better returns and pension prospects.