Profuturo AFP

What Profuturo AFP does

Profuturo AFP is a private pension fund administrator operating under Peru's Sistema Privado de Pensiones (SPP), the country's mandatory individual-account retirement system. Founded in 1993 (incorporated 1995) and headquartered in San Isidro, Lima, the company manages mandatory retirement contributions for Peruvian workers across three risk-tiered funds (Fondo 1, 2, and 3), supplements these with voluntary contribution accounts, and provides disability and survivorship insurance. Since 2013 it has operated as a subsidiary of Scotiabank Peru, itself part of Canada's Bank of Nova Scotia group, and currently employs over 350 collaborators.

The company's service infrastructure combines physical agencies in Lima, Arequipa, and Trujillo with digital channels including a mobile app, a web-based Virtual Agency (Agencia Virtual), the Mi Cuenta portal, and the employer-facing AFPnet payroll platform operated jointly with Peru's AFP Association. Technology scope is limited to transaction processing, account management, and digital self-service — no public API, AI, or proprietary model capability is documented. Fund management is handled by an in-house Strategic Investment Unit, with Profuturo claiming 2025 market leadership in Fondo 2 and Fondo 3 returns.

Profuturo's revenue model rests on two regulated commission streams: an 11.37% monthly flow commission on salary (10% to the individual account, 1.37% for insurance) and a 0.68% annual balance commission on accumulated fund assets — the lowest in the Peruvian market versus Habitat (1.25%) and Integra (0.78%). Affiliate acquisition is governed by Peru's periodic licensing tender process; Profuturo won the seventh round in 2025, securing exclusive rights to new affiliates from June 2025 through May 2027. Customer segments are the formal Peruvian workforce as individuals, corporate employers obligated to declare and remit contributions via AFPnet, and pensioners drawing benefits.

Name

Profuturo AFP

Legal name

Profuturo AFP

Website

https://profuturo.com.pe

Company type

Private

Founded year

1995

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Profuturo AFP is a Peru-based private pension fund administrator under the Scotiabank Group, managing mandatory retirement contributions for individual workers and corporate employer payrolls via regulated flow and balance commissions, with the lowest balance fee in the Peruvian AFP market.

Ownership category

akta.pro rank

Product category

Private Pension Fund Administration

NAICS

Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)

SIC

Finance Services (6199), Investment Advice (6282), Insurance Agents, Brokers & Service (6411)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Corporate & Public Pension Funds (DB/DC Sponsors) (FSAAAGAA), Pensions & Retirement Benefits Administration (BPAIAKAA)

Keywords

• Private pension administration
• Retirement fund management
• Pension fund management
• Individual pension accounts
• Disability survivorship insurance

Headquarters

HQ city

San Isidro

HQ country

Peru

HQ region

Latin America

Offices4 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Commission on Flow (Comisión sobre flujo): A 10% monthly salary deduction directed to the affiliate's individual pension account, combined with a 1.37% monthly deduction for disability and survivorship insurance coverage. The 10% component grows in a personal account and generates investment returns.
2. Commission on Balance (Comisión sobre saldo): An annual fee of 0.68% of the accumulated pension fund balance, charged directly to the affiliate's account. This is Profuturo's primary commission revenue stream and represents the lowest balance commission rate in the Peruvian AFP market.

Pricing tiers

Go-to-market motion2 records

Distribution channels5 records

Marketing channels5 records

Core offering

Profuturo AFP administers private individual pension funds for Peruvian workers under the country's Sistema Privado de Pensiones (SPP), investing affiliate contributions across three risk-tiered funds (Fondo 1, 2, and 3). The company charges a flow commission of 11.37% on monthly salary (10% to the individual account plus 1.37% for disability and survivorship insurance) and an annual balance commission of 0.68% on accumulated balances. Services are delivered through a digital-first infrastructure (web portal, virtual agency, mobile app) and a network of physical agencies.

Product overview

Profuturo AFP operates a single unified private pension fund administration platform — not a modular SaaS product — comprising a core pension fund management service with three risk-tiered fund types (Fondo 1, 2, and 3), supplemented by digital self-service tools (Agencia Virtual, Mi Cuenta portal, App Profuturo AFP), employer-oriented payroll processing (AFPnet, Cronograma de Pago), and ancillary products including voluntary contribution accounts, disability/survival insurance, and the Disfruta Profuturo lifestyle rewards program. All core account management and fund tracking functions are accessible through the digital channels, while specialized services such as Bono de Reconocimiento, pension options, and Traspaso Digital extend the core offering. Profuturo's differentiating market position rests on the lowest balance-based commission rate in Peru (0.68%) and leadership in Fondo 2 and 3 performance.

Differentiator

Problem solved

Functional benefit

Products and services

• Fondo de Pensiones (Private Pension Fund) Profuturo AFP's core private pension fund administration service, investing affiliate contributions across three risk-tiered fund types (Fondo 1, 2, and 3) to generate returns for retirement. Affiliates contribute 11.37% of monthly salary (10% to personal account, 1.37% to insurance), with returns managed by a dedicated Strategic Investment Unit.
• Aportes Voluntarios (Voluntary Contributions) Voluntary savings product allowing affiliates to make supplemental contributions with or without a pension purpose (Con/Sin Fin Previsional), offered through a digital platform with flexible deposit and withdrawal options to supplement mandatory pension contributions.
• Seguro de Invalidez y Sobrevivencia (Disability and Survival Insurance) Insurance protection covering disability pension and survival pension for beneficiaries, funded by the 1.37% insurance component of monthly contributions, with coverage valid upon completing at least 4 contributions in the preceding 8 months.
• Bono de Reconocimiento (Recognition Bonus) State-issued recognition bond administered for workers who transferred from the public ONP pension system to Profuturo's private system, compensating prior contributions made to the public fund and integrating them into the private individual account.
• AFPnet (Employer Payroll Portal) Employer-facing web portal enabling companies to register employee affiliations with Profuturo, prepare and file monthly pension contribution payrolls (planillas), calculate late-payment interest, and make electronic payments to the AFP, free of charge across all AFPs.
• Disfruta Profuturo AFP Lifestyle and well-being rewards program providing affiliates with exclusive experiences, offers, and promotions to enhance their financial wellness journey with Profuturo AFP.

Quantifiable outcome

• Lowest balance commission in the Peruvian AFP market: 0.68% (vs. Habitat 1.25%, Integra 0.78%)
• +3 more outcomes

Named customers2 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Interactive Museum of Economics (MIDE)minorStrategic or Co-development Partner · 23 March 2026Profuturo AFP partnered with the Interactive Museum of Economics (MIDE) for Global Money Week 2026, an annual financial literacy initiative. The partnership aims to strengthen financial education and promote informed financial decisions among Mexicans. Profuturo was the only Afore to meet CONSAR's Financial and Pension Education Census criteria for the third consecutive year, and the Global Money Week initiative has reached over 5 million participants since MIDE assumed national coordination in 2021.

Scale indicators5 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• ONP (Oficina de Normalización Previsional): ONP is the Peruvian public pay-as-you-go pension system; it is the structural alternative to AFPs for new workers choosing between SPP and the public pillar, and has been the focal point of political pressure for AFP reform and early-withdrawal initiatives.

Direct peers

• AFP Prima: AFP Prima is the fourth Peruvian AFP in the SPP oligopoly, offering the same individual account and multi-fund structure as Profuturo and competing in licensing rounds, transfers, and fund performance rankings.
• AFP Integra: AFP Integra is a Peruvian AFP (0.78% balance commission) directly competing with Profuturo for affiliations, transfers, and investment performance rankings within the same SPP framework.
• AFP Habitat: AFP Habitat is one of the four Peruvian AFPs administering individual pension accounts under the SPP; it charges 1.25% balance commission and competes head-to-head with Profuturo for new affiliates and transfers in identical regulatory and product structures.

Regional players

• Scotiabank Colpatria AFP (Colombia): Scotiabank-affiliated pension administrator in Colombia; offers a comparable individual account, multi-fund structure and serves as a regional Scotiabank pension benchmark for cross-border strategy.
• Profuturo Afore (Mexico): Profuturo's Mexican Afore sister entity under the same Scotiabank ecosystem; operates the SAR pension system with comparable individual account structure, multi-fund options, and Afores-only CONSAR oversight cited in Profuturo Peru's financial education awards.
• AFP Habitat (Chile): Chilean AFP under common brand ownership with AFP Habitat Peru, providing a regional benchmark for fee compression, fund performance, and digital service expectations among Latin American AFPs.
• AFP Cuprum (Chile): Chilean AFP operating a near-identical individual account, multi-fund pension model; useful comparator for product design, fund-type structure, and regulatory dynamics in Latin American private pensions.

Others

• Scotia Fondos (Peru): Mutual fund affiliate within the same Scotia Peru Holdings conglomerate; adjacent product line leveraging shared distribution, technology, and balance sheet with Profuturo for cross-sell into voluntary contributions.

Emerging players

• Beagle (Traspaso Digital platform): Digital transfer platform operated by AFPnet and integrated by Profuturo to enable online switching between AFPs; an emerging-enabler peer that lowers switching friction for transfer-driven acquisition.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/Profuturo_AFP
• YouTubeyoutube.com/@ProfuturoAFPPeru
• Facebookfacebook.com/profuturo.afp
• LinkedInpe.linkedin.com/company/profuturo-afp
• Instagraminstagram.com/profuturo.afp
• TikToktiktok.com/@profuturo.afp

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Profuturo AFP