RIO DE JANEIRO, BRAZIL - The progress of the welfare reform, that has as one of its changes the reduction in the value of retirement pensions, did not serve to elevate the number of Brazilians who invest in private welfare plans.
Today there are about 13 million investors in private plans, the same number as in 2016, according to Fenaprevi.
What has changed recently is that those who already had invested are suspicious that the Brazilian economy . . .