Last Thursday, the Minister of the Presidency, Álvaro Alemán, inaugurated the 14th Seminar of the International Federation of Pension Fund Administrators (FIAP), attended by Latin America organizations that discussed the opportunities and challenges of the investment of these funds.

In his speech, Alemán advocated that the results of the Seminar should be helpful for participants, especially for the savers and workers who contribute to the pension and unemployment funds.

“It is a safe market that grows hand-in-hand with the confidence of its account holders, so the exchange of your experiences and proposals will help prevent the savings of many years from going up in smoke,” said Alemán.
He added that the Government of President Juan Carlos Varela is committed to democratic transparency and accountability, elements that are vital to the Rule of Law, and which in turn create the conditions required by the private sector to continue generating economic growth.

Guillermo Arthur, President of FIAP, explained that the purpose of the seminar was to continue the initiatives engaged in recently with the agency’s partners, in order to vigorously resume the central purpose of the AFPs of working to improve the pensions of workers, which is undoubtedly the essence the agency’s mission.

Juan Pastor, general manager of Progreso and Chairman of the Organizing Committee of the seminar, said that the pension fund market in Panama started operating in 1993, when Law 10 of that year was enacted and incentives were established for the creation of pension funds, pensions and other benefits. In the last 20 years, these funds and their management have been strengthened and now have more than 1,100 million Balboas in pension and unemployment funds, and the funds of the Public Servants Individually Funded Savings System (SIACAP), managed by two companies supervised by the Superintendency of Securities.

Source: www.presidencia.gob.pa
Date: 19.05.2016

Last Thursday, the Minister of the Presidency, Álvaro Alemán, inaugurated the 14th Seminar of the International Federation of Pension Fund Administrators (FIAP), attended by Latin America organizations that discussed the opportunities and challenges of the investment of these funds.

In his speech, Alemán advocated that the results of the Seminar should be helpful for participants, especially for the savers and workers who contribute to the pension and unemployment funds.

“It is a safe market that grows hand-in-hand with the confidence of its account holders, so the exchange of your experiences and proposals will help prevent the savings of many years from going up in smoke,” said Alemán.
He added that the Government of President Juan Carlos Varela is committed to democratic transparency and accountability, elements that are vital to the Rule of Law, and which in turn create the conditions required by the private sector to continue generating economic growth.

Guillermo Arthur, President of FIAP, explained that the purpose of the seminar was to continue the initiatives engaged in recently with the agency’s partners, in order to vigorously resume the central purpose of the AFPs of working to improve the pensions of workers, which is undoubtedly the essence the agency’s mission.

Juan Pastor, general manager of Progreso and Chairman of the Organizing Committee of the seminar, said that the pension fund market in Panama started operating in 1993, when Law 10 of that year was enacted and incentives were established for the creation of pension funds, pensions and other benefits. In the last 20 years, these funds and their management have been strengthened and now have more than 1,100 million Balboas in pension and unemployment funds, and the funds of the Public Servants Individually Funded Savings System (SIACAP), managed by two companies supervised by the Superintendency of Securities.

Source: www.presidencia.gob.pa
Date: 19.05.2016