Thousands of Chileans took to the streets nationwide on Sunday to demand a dismantling of a private pension system criticized for providing retirees with low payouts. The backlash against the system follows years of accolades by multilateral organizations such as the World Bank, which held up Chile’s pioneering use of individual savings accounts as an alternative for countries with costly state pensions considered unsustainable owing...

Source: Wall Street Journal August 21, 2016 17:35 UTC