In 2022, the pension savings reached 345 trillion pesos, a lower figure than the 357.8 trillion pesos reported in 2021. Although there were negative movements at the beginning of the year, in the last quarter there were yields of close to 20 trillion pesos, which that could recover more than half of the devaluations.
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According to Asofondosunion that brings together the private funds Porvenir, Protección, Colfondos and Skandia, the good dynamics brought by the savings was affected in the first months of 2022 due to the volatility and uncertainties that arose in the markets due to the war in Ukraine, inflationary pressures and high interest rates in the world.
However, the guild that leads santiago montenegro It is worth noting that if one looks at the accumulated savings management total for the last 28 years, close to 66 percent of these resources correspond to returns that the four pension funds have generated for their affiliated workers.
“The environment of uncertainty affected not only the performance of the markets of developed countries, but also of the emerging ones, and Colombia was no exception. In this context, we must analyze the results of a rather challenging 2022”, explained Montenegro.
The president of Asofondos, Santiago Montenegro,.
Filiberto Pinzón / EL TIEMPO
Where we come from?
2022 was preceded by some very positive years, even compared to previous periods. In 2019, profits of 39.7 billion pesos were reported; in it year of the pandemic 2020, there was a big drop in March, but at the end of December it showed profits of 27.1 trillion pesos; and in 2021 actions were presented for 31.8 billion pesos.
“In an average year, the funds’ earnings are usually quite good, but the performance in the three years of growth provided a significant boost in the total amount of savings and, at the same time, it left a cushion that compensates for a cycle of decline such as that of 2022, hence the importance of saving in good times to face periods of drought”, Montenegro specified.
More and more pensioners
In the 28 years of operation of the pension funds in colombia the individual savings regime shows a first segment of pensioners that already exceeds 270,000.
“It is important to note that the funds have been retiring at an annual rate of close to 20 percent, while Colpensions It does so at a rate of 4 percent, which means that for every 100 pensioners in the funds, this year there will be 20 more, a total of 120, while in Colpensiones there will be four more, that is, 104,» he explained. Montenegro.
In addition to this, the economist reiterated the importance of saving for the future of workers. “If there is no money, how do you respond for future pensions, that is why taking today’s money is leaving millions up in the air when their time to retire from work arrives,” he stated.
