How Pension Funds Administrators Manage the Crisis

Business Magazine América Economía presented its 2009 ranking for the industry, along with an analysis of its key aspects.

Monday, October 26, 2009


©image: América Economía

América Economía's 2009 Pension Fund Administrator ranking lists the top 100 Latin American operators. Three are from Central America: Confía and Crecer from El Salvador, 46th and 50th, and Costa Rica's "Popular Pensiones", in the 96th position.

These three companies were in the small group of 15 companies that managed to increase the volume of assets under administration.

According to the analysis published with the ranking, "the secret to this, comment some of the companies, was conservative investment strategies, preservation of wealth, and, above all, keeping the focus on the customer".

More on this topic

Salvadoran Pension Fund sold to Colombians

January 2011

99.99% of AFP Crecer was acquired for $103 million by Colombian company Protección S.A.

While the transaction has already been signed by both companies, the approval of financial supervisory authorities still remains.

"Proteccion SA is a pension fund manager which manages pension savings for more than three million workers across Colombia," published Laprensagrafica.com.

Flexiblity in Pension Fund Investments

March 2012

Given the low returns from pension funds in El Salvador, there is discussion on removing the requirements for operators in order to invest in more instruments.

The pension fund administrators (AFP in Spanish) and the government are exploring alternatives for increasing the profitability of the pension savings system.

“The Best Places to Work”. Are They Really So?

July 2010

The rankings industry continues outputting information that many times is not only inaccurate, but also disguised advertising.

An article in BNet begins by reporting that a well known multinational corporation was found guilty and ordered to pay $250 million for gender discrimination and firing pregnant women.

Panama Awards Administration of State Pension Investments

January 2012

The companies Consorcio Aliado and Progreso have been awarded the tender to manage for 5 years investments for the Capital Savings and Pensions of Public Employees (SIACAP in Spanish).

The contract was disputed with the consortium Multibank / Multisecurities and HSBC.


"Progreso has already administered this system in which about 72 thousand employees are affiliated and which has assets of $630 million.

 close (x)

Receive more news about Banking

Suscribe FOR FREE to CentralAmericaDATA EXPRESS.
The most important news of Central America, every day.

Type in your e-mail address:


Industrial Water Treatment Plants

Wastewater and Wastewater Recycle/Reuse Plants for many types of industries.
UEM’s Anaerobic Digester systems offer quick returns...

Stock Indexes

(Apr 18)
Dow Jones
0.64%
S&P 500
1.76%
Nasdaq
2.70%

Commodities

(May 24)
Brent Crude Oil
105.8
Coffee "C"
168.55
Gold
1,561
Silver
27.745