RIO DE JANEIRO, BRAZIL - The American Council of Life Insurers (ACLI) issued a new statement regarding discussions in the Chilean Congress on the withdrawal of life annuity funds.
Brad Smith, ACLI's Chief International Officer, said that "the new bill before the Chilean Congress will further undermine Chileans, particularly women, who are trying to secure their families' financial future. We urge members of the Chilean Congress to oppose this measure and take action to strengthen retirement security for consumers."
But this time, the issue escalated further and reached U.S. President Joe Biden's administration after ACLI President and CEO . . .
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