American Council of Life Insurance Statement on Change to the Chilean Retirement System
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"While
"Beyond the impact on consumers, the breach of lawful rights formed by the annuity provisions in the new law create a new political risk for foreign investors engaged in or considering
"The breach of lawful rights and damage to assets and equity caused by the annuity scheme have placed insurers in the unfortunate position of having to investigate all legal options available to ensure the protection of their lawful rights from the government's illegal expropriation.
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"The life insurance industry has consistently made good faith efforts to contribute to the policy dialogue regarding pension reform in
"Our industry's recommendations for reform have consistently advocated for
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