The Ecuadorian Congress passed a Law structuring the public pension system allowing the participation of private administrators. These prospective new companies (ACAPs due to its denomination in Spanish) could have the opportunity to administrate funds of the Social Security under instructions of the worker. If we realize the amount involved in this business is more than US.D $ 1,000 million per year, the area would be attractive for new investments.
The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.