Pension savings in Colombia reach new high in July

According to the Focus on Pension Markets - 2020 report, Colombia has the highest returns in the OECD

RIO DE JANEIRO, BRAZIL - Workers' savings in their pension funds reached a new high at the end of July, consolidating the good performance they have experienced following the recovery of the global economy.

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According to the balance sheet of Asofondos, the association of Colfondos, Porvenir, Protección, and Skandia, pension funds in Colombia accumulated a total of 333.8 trillion pesos (around US$89.6 billion) in savings in July, generating 88.8 trillion pesos in the last five years . . .

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