An increase of one percentage point in participants’ contributions is scheduled for August this year, and the transfer of 10% of current participants should be completed by June 2028 following the result of the bidding process.
AFPs face internal, judicial and technical challenges
May 6, 2025 by
Paulina Yazigi, president of the AFP Association, and the industry executives are personally taking a very active role in the discussion on the new pension system to be implemented in the future, especially migration from the multifunds to the generational funds.
Positiva Seguros joins the list of ACCAI
March 11, 2025 by
This move places the Colombian government in direct competition with former AFPs.
Porvenir gets 48.1% of participants in ACCAI selection process
March 5, 2025 by
The process showed some correlation with AFPs’ percentage market share before approval of the pension reform.
Strong criticism of the pension reform from some AFPs
February 11, 2025 by
The bidding process for 10% of existing participants is one of the issues of most concern to players in this market.
Congress passes reform confirming the individually funded model
February 3, 2025 by
With the support of the main political forces, Congress finally passed the pension system reform. The reform raises contributions, confirms the role of AFPs and strengthens social protection.
Mid-January is the deadline for choosing a pension manager
January 3, 2025 by
In this first stage, participants will be allocated to the four existing AFPs but by mid-2025 new managers will be entering the system.
At the end of July, processing of new pension withdrawals begins
July 12, 2024 by
Although there is some consensus on the inconvenience of this mechanism, the appearance of certain populist enticements could influence the process.
Congress approves pension reform
June 11, 2024 by
The legislation now goes to the president who could return it to Congress, although he is expected to sign it. The main issues for AFPs are new players, the productivity fee and the end of withdrawals.
Outlook for pension reform looks fairly good but with deadlines
March 4, 2024 by
Mid-June is the deadline for legislative proceedings for the government bill. Political negotiations will be intense.
