The Senate gave final congressional approval Tuesday to an overhaul of Brazil’s pension system, capping years of stalled efforts to sway public opinion and rein in unsustainable government spending on retirement. The Senate voted 60-19 to adopt changes for civil servants and private-sector workers, handing President Jair Bolsonaro his first major legislative victory. He proposed […]
When investing in Brazil, what considerations should institutional investors keep in mind? And how can the market fit into a pension portfolio? One issue to watch is pension reform, said Heather Hagerty, a research analyst at Fidelity Investments, during the Canadian Investment Review’s podcast “Pension Passport.” “Brazil is one of only a small number of […]
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