Profuturo AFP
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.
- Company typePrivate
- Founded1995
- HeadquartersSan Isidro, Peru
- Headcount501–1,000
- GTM typeB2C
- OfferingServices
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.
Profuturo AFP firmographics
Firmographics- 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
Profuturo AFP industry classification
Industry- 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
Where Profuturo AFP is headquartered
LocationHeadquarters
- HQ city
- San Isidro
- HQ country
- Peru
- HQ region
- Latin America
Offices4 records
Markets served
Profuturo AFP business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Infrastructure
Revenue model
- 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.
- 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
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Flow Commission: 11.37% of monthly salary |
| Subscription | Annual | Balance Commission: 0.68% annual rate on accumulated fund balance — lowest in the market |
Go-to-market motion2 records
Distribution channels5 records
Marketing channels5 records
Profuturo AFP product offering
Product offeringCore 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
Companies that use Profuturo AFP
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Profuturo AFP technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Profuturo AFP partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- Interactive Museum of Economics (MIDE)minorProfuturo 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
Profuturo AFP competitors and assessment
Company assessmentBroad 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
Profuturo AFP social profiles
Digital presenceProfuturo AFP financial estimates
Financial estimateRevenue estimate
Valuation estimate
Profuturo AFP leadership team
Management profileNumber of profiles
Profiles12 records
Profuturo AFP funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Profuturo AFP M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Profuturo AFP
What does Profuturo AFP do?
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.
Is Profuturo AFP a public or private company?
Profuturo AFP is a private company. It is classified as corporate owned and is currently operating.
When was Profuturo AFP founded?
Profuturo AFP was founded in 1995. It employs 501 to 1,000 people.
Where is Profuturo AFP based?
Profuturo AFP is headquartered in San Isidro, Peru, in the Latin America region.
How does Profuturo AFP make money?
Two revenue lines are on record. Commission on Flow (Comisión sobre flujo) is the primary driver. The others are commission on Balance (Comisión sobre saldo).
Who are Profuturo AFP's main competitors?
ONP (Oficina de Normalización Previsional) is listed as a broad incumbent. Direct peers are AFP Prima, AFP Integra and AFP Habitat. Regional players are Scotiabank Colpatria AFP (Colombia), Profuturo Afore (Mexico), AFP Habitat (Chile) and AFP Cuprum (Chile). Scotia Fondos (Peru) is listed as an others. Beagle (Traspaso Digital platform) is listed as an emerging player.
Does Profuturo AFP have an API?
No public API is recorded for Profuturo AFP.
What industry is Profuturo AFP in?
Profuturo AFP's product category is Private Pension Fund Administration. Its primary akta.pro industry code is FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds, with a secondary code of FSAAAGAA, Corporate & Public Pension Funds (DB/DC Sponsors). Its NAICS code is 525110 and its SIC code is 6199.