translated from Spanish: Pension Super put a stop to AFP One and ordered him to withdraw form for third withdrawal

yesterday
The Insurer came forward and made available to its affiliates the platform to request the money. However, according to the organism it must back down, arguing that it is needed to “generate a solid process (…) preventing operational failures resulting from a hasty start.”

During this day the AFP One, the rest of the insurers were ahead of the time and their affiliates have already arranged the form that allows the third withdrawal of planned funds. However, only hours after this action, through an office, did the Superintendency of Pensions instruct the administrator to “immediately suspend early receipt of third-withdrawal applications”. The agency argued that the objective is to “avoid any harm to all affiliates and beneficiaries of the system who will make use of the third withdrawal of pension funds”. They indicate that it is necessary to “generate a robust and robust process of reception, preventing operational failures arising from a hasty start of the process that harm the affiliates and beneficiaries who hope to withdraw their funds”. The office also indicates that the administrator must cease all promotional activity for this early entry of applications, “as well as to inform its affiliates that applications received in advance will be considered as if they had been entered on May 3, 2021”.

Original source in Spanish