World’s Worst Stock Market Risks More Pain From Pension Selling
The world’s worst-performing stock market this year is at risk of an even steeper drop from a proposal to let Colombians tap pension savings during the coronavirus crisis. The government has held talks with private pension funds regarding an “important proposal” that would allow workers to draw down their retirement accounts, Finance Minister Alberto Carrasquilla told lawmakers Wednesday. The government has made “advances” on the issue, though hasn’t reached a decision, Carrasquilla said. The plan would likely need congressional...