Protection S.A

Abstract

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.