Monday, January 30, 2023

53.4% ​​of the growth of pension funds was due to profitability in 2022

The affiliates of the AFP members of the Dominican Association of Pension Fund Administrators (ADAFP) earned more than RD$42,265 million for the profitability of the investments at the end of the year 2022.

In 2022, the assets managed by the AFPs Crecer, Popular, Reservas, Romana and Siembra, which closed at a total of RD$823,755.5 million, increased by RD$79,216.5 million in relation to the previous year. The executive president of the ADAFP, Kirsis Jáquez, reported that profitability contributed 53.4% ​​to this growth.

The executive president of ADAFP highlighted that the historical profitability of the five member AFPs closed in December at more than 12%, a figure that is an indicator of the favorable management of the AFPs in portfolio management, since in this type of long-term investment term results are also measured over extended time periods.

Likewise, he explained that the AFPs invest the pension funds in the permitted and authorized instruments, ensuring that the investments are safe, profitable and sustainable for the affiliated workers, so that they increase their wealth for retirement.

The union executive reiterated that the objective of the ADAFP is to continue proposing improvements to the pension system to make it more efficient, supportive, sustainable and universal, and to guarantee more and better protection for affiliates and their families.

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