Porvenir SA

Porvenir S.A. operates voluntary pension and accumulated severance payment funds.

Porvenir is the Pension Fund and more profitable Severance of Colombia, with ROAE of 28.0% for the first half of 2016. It has the largest force in the industry sales nationwide. It is also the Pension Fund and more efficient Severance of Colombia, with an indicator of 38.5% for the first half of 2016. Porvenir is the largest pension fund manager in Colombia in terms of managed assets (44.2% market share in mandatory pension funds, 49.2% and 22.8% in severance pay in voluntary pension 30 June 2016).