Protection S.A is the second biggest pension fund in Colombia. The company belongs to the GEA group and is part of Grupo Sura. Currently Proteccion S.A is going through a fusion process after buying ING Pension Fund Latin American. Voluntary Pension is a growing area where the company has focused heavily. This product is a complement for mandatory pension and basically it gives people the opportunity to make extra contributions to pension fund and therefore retire with a better monthly pension. These extra contributions are invested in portfolios seeking to generate returns while the client is retired. There are 17 different portfolios where the capital can be invested; however each one has different risk levels. The client must take the investment decision nevertheless consultants should advise them before.