Uruguayan Pension Reform Commission

The Uruguayan Pension Reform Commission just published its reform recommendations. Nuovalo is proud of the advisory work that Richard Fullmer and Manuel García-Huitrón contributed on the savings and payout phase discussions. Among the many proposals across a range of areas, the commission introduces the concept of Fondos Mutuos Previsionales (what we call Lifetime Income Pools) as a potential supplementary option to deal with longevity risk in Uruguay, one of the most advanced ageing countries in Latin America.