Monday, 29 May 2023 01:07

AFP CONFIA celebrates 25 years of providing trust and commitment to its members, pensioners and clients

Written by Evelyn Alas

For 25 years, the Administradora de Fondos de Pensiones AFP CONFIA has worked hand in hand with the values of commitment and integrity. To date, it has responsibly managed the savings of more than 1.7 million salvadorans, who have trusted this institution to build the assets that will finance their retirement.

During the last few years, CONFIA has focused on improving the experience of its pensioner members and clients through constant innovation and leadership in the industry and currently has an AA- risk rating by Fitch Ratings.

One of its main objectives is to multiply the pension savings of its members, which is achieved through investments made by the Pension Funds, which generate profitability and increase their money in a sustained manner, making possible, in the future, decent pensions for its members at the end of their working life.

Real Data, Reliable Data*

For more than two decades, AFP CONFIA has demonstrated its leadership, strength and commitment to the salvadoran pension industry, as well as its great capacity to take on challenges and adapt to changes in times of great transformations. In addition, it works constantly to provide valuable information for its members, pensioners and clients, such as the fact that more than 46.73% of workers' savings are the result of the profitability generated by CONFIA's management.

Since the year 2000, more than $3,322 million have been paid in pensions.

There are more than $179 million disbursed by CONFIA to salvadorans abroad, at the end of march 2023.

More than 11,076 salvadorans abroad have received their savings refund from CONFIA.

Since 2000, AFP CONFIA has paid more than $4,817 million in pensions and other benefits.

*Data as of the end of march 2023.

Awards

AFP CONFIA is characterized by always providing the quality services and excellence that all its clients deserve and this is reflected in the different awards it has received in recent years:

Ranking Diverse, Equitable and Inclusive Companies, position #11, by Summa magazine, april 2023.

One of the Best Companies in Talent Management, position #2 in the ranking of the special "Companies with Best Human Capital Practices", by Summa magazine, february 2022.

Ranking by Largest Pension Funds in Central America, position #1, Moneda magazine, march 2022.

Most attractive companies to work for, Banking & Finance and Local Companies sector, position #3, EMAT, Tecoloco, june 2022.

Ranking of the companies with the best organizational climate in the region, position #7 of the top 20, Summa magazine, august 2022.

Ranking Companies with Best Corporate Reputation, position #3, Summa magazine, september 2022.

Ranking of Best Employers in the Region, position #2, Summa magazine, december 2022.

Corporate Social Responsibility

As part of its Corporate Social Responsibility program, AFP CONFIA continues to contribute through the Sabios & Expertos program, which helps salvadoran MSMEs through ad honorem business advice from retired national and international experts.

To date, this program has achieved around 600 missions, more than 200 retired CONFIA experts, more than $20 million in sales generated by the companies advised and more than 1,500 new jobs.

Programs for Affiliates, Pensioners and Clients

CONFIA has focused on implementing technological tools for its affiliates, pensioners and clients to continue learning from the comfort of their homes. Its seminars, workshops and virtual clubs have continued to provide professional and cultural development, also promoting the participation of retired professionals and small and medium enterprises. As an added bonus, it offers its clients attractive discounts in establishments and allied companies. These programs are as follows:

CONFIA EN TUS DESCUENTOS offers, through strategic alliances with leading brands, exclusive discounts in restaurants, pharmacies, movie theaters, cafes, hospitals, laboratories and other prestigious establishments upon presentation of the CONFIA ID card.

CONFIA EN TU FORMACIÓN GERENCIAL is a superior training program developed by INCAE Business School, free of charge for its affiliates. It provides virtual workshops aimed at improving your work potential, as well as developing managerial skills and attitudes.

CONFIA EN EL TEATRO offers its affiliates a space to enjoy art and culture, providing free theater plays, both virtual and in-person, in alliance with the Teatro Luis Poma.

CONFIA EN TU FORMACIÓN FINANCIERA is an educational space that contributes to the family economy of its members, providing tools for the proper management of their finances. It offers free online workshops given by the consultant FISHERMAN.

VIVE CONFIA is a program exclusively for its pensioners, who learn about family economy from their homes, learn how to cultivate home gardens and participate in reading clubs and cooking workshops. Registration for the online sessions is free.

AFP CONFIA is always transforming itself in order to provide the best service to its members, pensioners and clients, to maintain its leadership and continue to be a benchmark in the pension industry, ensuring the continuous creation of value for both its members and its shareholders.

Investment Funds:

AFP CONFIA has various savings and investment plans that offer many benefits. These funds are:

Voluntary Pension Savings Fund Proyecta 5Plus: it is a voluntary savings plan that generates profitability and added value and also allows making savings profitable through investments in international and local markets.

Proyecta Life Voluntary Pension Savings Fund: is designed for people with medium and long term investment horizons, whose objective is to obtain competitive returns with respect to other traditional financial instruments, with a conservative risk profile, through a set of fixed income investment tools with low volatility. This is a new form of investment that you can make voluntarily, whether or not you are a member of AFP CONFIA.

 

Translated by: A.M