Peru Seeks to Attract Foreign Pension Providers, Regulator Says

Peru will invite local and foreign pension providers to bid for new customers at an auction scheduled for mid-December, said Daniel Schydlowsky, the country’s chief financial regulator.

Companies from countries including Chile, Colombia and Brazil may participate in the bidding, he told reporters in Lima. The provider with the lowest commission will win exclusive rights to sign up Peruvians in the next two years.

To contact the reporter on this story: John Quigley in Lima at jquigley8@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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