AFP Modelo y Provida lideran “fuga” de afiliados en pandemia con salidas de más de 100 mil personas

As the pandemic continues to ravage economies and healthcare systems around the world, it appears that affiliated members of Chile’s largest pension fund administrators, AFP Modelo and Provida, are feeling the effects. According to recent reports, over 100,000 people have left the two funds since the outbreak began, resulting in a significant loss of income for the companies.

This “fuga” or exodus can be attributed to a number of factors, including the poor performance of the funds and concerns over the safety of long-term investments during uncertain times. Nevertheless, it is clear that many members are seeking alternative options that better suit their needs.

The situation in Chile is not unique, as many other countries are also experiencing similar trends in pension funds due to the pandemic. In fact, it is likely that those who have chosen to leave AFP Modelo and Provida may be seeking higher returns on their investments or more secure options that can weather the storm of this global crisis.

As the world continues to grapple with the ongoing effects of the pandemic, the importance of financial stability and security cannot be overstated. Those looking to make wise investments during this time should seek trusted experts and be mindful of their long-term financial goals. Ultimately, the decision to choose a pension fund or investment option should be carefully considered and based on individual needs and circumstances.