Cristalerias de Chile, EBCO, Enaex, Falabella Retail, Flesan, Isa Intervial, Bagó Laboratories, L'Oreal Chile, Molymet, Polpaico, Rayú, SURA Asset Management Chile, Tottus, Tresmontes Lucchetti, Vantrust Capital, Viña San Pedro and VTR are the first organizations to join the initiative that promotes the future well-being of their workers by building a sustainable pension.
Santiago, Friday, May 31, 2019.- Being convinced that employers can decisively help build their workers' pensions, the Alliance for Sustainable Pension was launched today. This is an initiative led by AFP Capital in collaboration with PROhumana Foundation - in charge of the methodology and assessment - and supported by the Red Pacto Global in Chile. Its objective is to integrate pension management into the Human Resources strategy of companies in order to promote the future well-being of its employees.
Consequently, Cristalerías de Chile, EBCO, Enaex, Falabella Retail, Flesan, Isa Intervial, Bagó Laboratories, L'Oreal Chile, Molymet, Polpaico, Rayú, SURA Asset Management Chile, Tottus, Lucchetti Tresmontes, Vantrust Capital, Viña San Pedro and VTR are the first seventeen companies that have joined the alliance that encompasses an on-going pension education program intended to develop the ability to manage and measure the impact of their actions, thus incorporating good social security practices.
At the event, María José Zaldívar, undersecretary of Social Security, stressed that launching this Alliance is part of the pension reform presented by the government and that it gives the employer a key role through an additional 4%. "In making the huge effort to improve the pensions of all Chileans, everybody should join and, of course, employers have a significant role." Additionally, she called on Chilean companies to join this movement so that more workers can have the right tools to build better pensions.
"Employers are closer to workers along their working life, so they can play a highly relevant role in raising awareness, encouraging and supporting the savings path as a self-care measure for dignified old age," said Jaime Munita, general manager of AFP Capital.
Additionally, Jaime Munita referred to the demographic change experienced by our country and the challenges that this represents, given that today we live longer, so more years have to be financed with the savings for pension. "As social players, companies have a role to play in the integration ot he variable of aging to our work, considering the impact this has on workers’ possibilities of saving and the consequences that entails for building their pension", he said.
The companies adhering to the Alliance for Sustainable Pension become part of a program that encompasses training workshops for their human resources teams, an assessment tool that measures and helps manage the pension with a long-term sustainable viewpoint, and training material to implement pension education actions for its employees.
"Pension management should be part of the companies’ strategic view of sustainability today since humankind will change much more in the next 20 years than in the last 300 years, and within this context, our pension reality does not talk with what happens and will happen in our societies. Sustainable pension is directly linked to human rights, where playing a role from the company allows workers to take a value in the long term, contributing to the sustainable transformation of the labor reality, "said Soledad Teixidó, executive president of PROhumana.
Further information about the Alliance at www.afpcapital.cl and www.prohumana.cl
About AFP Capital
AFP Capital is a company of SURA Asset Management Chile, a company operating in the pension, life insurance, mutual funds and stocks markets. As of December 31, 2018, AFP Capital has 1.6 million clients and manages USD$ 40 million in assets. It is present in 30 cities throughout the country and, additionally, it is the only AFP present in Easter Island.
About SURA Asset Management
SURA Asset Management is a subsidiary of SURA Group, expert in Pensions, Asset Management, Savings and Investments and present in Mexico, Peru, Chile, Colombia, Uruguay and El Salvador. As of December 2018, SURA Asset Management’s AUM amounts to USD$129 billion owned by 19.7 million customers in the region.
* Customers and AUM include AFP Protection in Colombia and AFP Crecer in El Salvador, although not controlled companies, SURA AM holds a significant stake.