SURA, AFP Capital and Mujeres Empresarias renew collaboration partnership

SURA, AFP Capital and Mujeres Empresarias renew collaboration partnership

• This year the agreement has two focuses: raising awareness and training women on labor, social security and the importance of saving.

•  At the moment of signing, Francisca Valdés, Executive Director of Mujeres Empresarias, presented the results of the Ranking Mujeres en Alta Dirección (IMAD 2018) to leading collaborators of SURA Asset Management Chile.

Santiago, March 29, 2019. In order to raise awareness, educate about and promote the importance of saving for old age, particularly among women, SURA Asset Management Chile and AFP Capital, jointly with Mujeres Empresarias, renewed a strategic alliance of collaboration for 2019.

Why is this agreement focused on women? Because they retire earlier, they live longer and save less for their retirement, mainly due to wage gaps, labor informality and/or pension loopholes that arise due to their exit from the labor market, usually for family reasons.

This year, this agreement has two lines of action: the first raising awareness about the issues regarding women at work, pensions and supplementary savings instruments, which is sought to specify with the second version Cumbre Mujeres, an event that in 2018 brought together about 400 executives, employers and entrepreneurs.

On the other hand, the second line is training through the program Beca Mi Pyme - AFP Capital, which will train 50 entrepreneurs in Santiago for the proper management of their businesses, with a financial, business and social security perspective. Additionally, AFP Capital will include a pension education module within the Chile Empresarias training program that will be provided by Mujeres Empresarias for entrepreneurs in the regions of Arica and Parinacota and La Araucanía.

This agreement was signed upon at a meeting attended by Francisco Murillo, CEO of SURA Asset Management Chile; Jaime Munita, general manager of AFP Capital; María Marta de Aguirre, VP of Clients and Marketing of SURA Asset Management Chile, Francisca Valdés and Carolina Eterovic, executive directors of Mujeres Empresarias.

At the event, Francisco Murillo stressed that with the renewal of this alliance "we are materializing our commitment as SURA and AFP Capital to contribute to shortening gaps; recognizing that the entrepreneurship and SMEs are an engine of work for women, and, on the other hand, the role that these businesswomen play as employers of other women by developing skills and delivering formal and quality work, in addition to ensuring good social security. "

In turn, Francisca Valdés said: "We are happy to work with SURA and AFP Capital for the second consecutive year for the education of women in savings and pensions. We believe that this type of initiative contributes to the incorporation of more women in the labor market, in the business world and in senior management positions of our companies. "

This alliance is part of the sustainability model of SURA Asset Management Chile. This model includes the pension education plan that is being strongly promoted among its stakeholders, with women being one of the two priority groups for 2019.

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. AFP Capital has 1.7 million clients and manages USD 40 billion in assets. It is present in 30 cities throughout the country and, additionally, is the AFP present in Easter Island.

About SURA Asset Management Chile

SURA Asset Management Chile is part of the Latin SURA Asset Management company, present in six countries in the region. In Chile, it operates in the market of mutual funds, life insurance, stocks and the pension industry through AFP Capital, totaling USD 27.9 billion in AUM owned by 2 million customers.

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 2017, SURA Asset Management’s AUM amounts to USD$134.9 billion owned by 18.8 million customers.

* Customers and AUM include AFP Protection in Colombia and AFP Crecer in El Salvador, although not controlled companies, SURA AM has a significant stake.