Alcides Vargas Manotas

President, Colfondos


GROWN & ACHIEVED

Colfondos is a pension fund management company that has been operating in the Colombian market for more than 20 years now, a period of time in which we have grown and achieved many important things.

THE NEED FOR REFORM

The country is aware of the need to carry out a national labor reform in order to improve the coverage of the pension system; in Colombia, only 15% of people who save money in the public systems manage to get a pension afterward.

READY TO SUPPORT

We are ready to support the government in important and ambitious plans, specifically in highway network infrastructure. We would like to set up a transparent process to know about all the risks involved in the plans, and it would be very important for us to make direct investments in such projects.


Miguel Largacha Martínez

President, Porvenir


LONG TIME COMING

For a long time now, we have been talking about alternative ways of investing money in Colombia, such as infrastructure projects. We truly believe that the pension funds are perfect tools to invest in this type of project.


BALANCED, NOT RISKY

Global and domestic circumstances impact the entire system, and we must diversify our pension system through less risky returns while seeking assets that will balance the level of rates.


POWER TO THE PEOPLE

One of our top priorities is to strengthen the individual savings scheme. At the moment, the Labor Minister is drafting a reform of the pension funds system that aims at increasing the coverage of the system, which is a priority for all players involved in the system.


David Buenfil F.

President, Skandia


BEING THE BEST

We can attribute our success to our consistency. We are very focused on a specific market niche and we tend to personalize our advice and work toward being the best in terms of returns and performance.

BENEFITS ALL AROUND

The industry has been evolving positively. This has led to a beneficial trickle-down effect, not only for the Colombian people but also for the country. In parallel, the fiscal deficit of the country has decreased.

THE RIGHT EMPHASIS

Colombia is a highly regulated country, but the authorities are doing their job very well. Business is transforming and becoming more transparent. A lot of emphasis has been put on corporate governance, and we, as a multinational corporation, are used to that.


Mauricio Toro Bridge

President, Protección


STEADY AS SHE GOES

Protección has had very steady growth since the reform of the pension system in Colombia. By the end of 2012, we were considered the leading company within the pension funds industry in the country.

MARKET PARTICIPATION

Protección has positively contributed to the development of the country and its saving systems, extending the trend to our customers, their employees, and our affiliates. Many companies have also benefited from our participation in the capital markets.

ONLY THE BEGINNING

Once we create a savings culture in Colombia and the multi-funds system continues to develop, the fund industry will continue maturing. The best years are yet to come.


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