OLD MUTUAL SKANDIA PENSIONES Y CESANTIAS S A

What OLD MUTUAL SKANDIA PENSIONES Y CESANTIAS S A does

Old Mutual Skandia Pensiones y Cesantías S.A. is a Colombian financial services company established in 1954 and operating as a subsidiary within the Old Mutual Group conglomerate. The company is regulated by the Superintendencia Financiera de Colombia through multiple licensed entities — a pension fund administrator (AFP), a fiduciary (Skandia Fiduciaria S.A.), a life insurance carrier (Skandia Seguros de Vida S.A.), and a securities brokerage (Skandia Valores S.A.) — coordinated under Skandia Holding de Colombia S.A. Its core activities are the administration of mandatory pension funds, voluntary pension funds (Skandia Multifund, Invest-Ed, Capital+Seguro), Cesantías (severance) funds, collective investment funds across conservative-to-aggressive profiles including real estate and structured/indexed products, life insurance with savings components, and brokerage/administration of securities including international (Euro Stoxx, USD-denominated) investments.

The company serves roughly 254,000+ individual retail customers and 2,500+ corporate clients through a hybrid go-to-market model that pairs 100% digital self-service channels — web portal, iOS/Android mobile apps, the WhatsApp-based virtual assistant SAMI, tax and cash-flow simulators, and a toll-free contact center — with personalized advisor-assisted distribution via a 802+ financial planner network, the Contigo Skandia distributor platform, and a dedicated corporate sales team. Revenue is generated principally through recurring asset-based management fees on mandatory and voluntary pension AUM, Cesantías balances, and collective investment fund holdings, supplemented by transactional commissions from securities brokerage via Skandia Valores and premium income from life insurance products. Brand strength is anchored by 70 years of Colombian operating history, a Global Pension Fund Award from World Finance, and earned media coverage in Forbes and Cambio.

Customer-facing education is delivered through Skandia University and the Skandia Channel multimedia platform, positioning the firm as a financial literacy leader while supporting top-of-funnel demand generation. The headcount disclosed in source data (18) appears to reflect a narrow legal-entity measure rather than the broader group, given the disclosed advisor-network and corporate-sales footprint. No public revenue, AUM, or net-income figures are disclosed in the available material.

Name

OLD MUTUAL SKANDIA PENSIONES Y CESANTIAS S A

Legal name

Skandia Pensiones y Cesantías S.A.

Website

https://skandia.co

Company type

Private

Founded year

1954

Operating status

Operating

Headcount range

11–50 employees

Short description

Old Mutual Skandia Pensiones y Cesantías S.A. is a Colombian regulated pension fund administrator and financial services group (under the Old Mutual conglomerate) that serves 254,000+ individual retail customers and 2,500+ corporate clients with mandatory pension funds, voluntary pension products, Cesantías, collective investment funds, life insurance, and brokerage via wholly-owned subsidiaries and a hybrid digital-and-advisor distribution model.

Ownership category

akta.pro rank

Product category

Pension Fund Management

NAICS

Pension Funds (525110), Portfolio Management and Investment Advice (523940), Trust, Fiduciary, and Custody Activities (523991), Other Insurance Funds (525190)

SIC

Investment Advice (6282), Life Insurance (6311), Security Brokers, Dealers & Flotation Companies (6211)

akta.pro primary industry

Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)

akta.pro secondary industries

Employee Benefit & Retirement Plan Trust Services (FSAAANAC), Fiduciary Agency & Trustee-for-Hire Services (FSAAANAL), Institutional Consulting RIAs (OCIO/Endowments/Foundations/Pensions) (FSAAACAG)

Keywords

• Pension fund management
• Voluntary pension savings
• Severance fund administration
• Collective investment funds
• Life insurance savings

Headquarters

HQ city

Bogotá

HQ country

Colombia

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

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

Revenue model

1. Mandatory Pension Fund Management: Administration of mandatory pension funds (Fondos de Pensiones Obligatorias) with management fees charged on assets under management
2. Voluntary Pension Fund Management: Management of voluntary pension funds (Fondo Voluntario de Pensión) including Skandia Multifund, Skandia Invest-Ed, Skandia Capital+Seguro products
3. Severance Fund (Cesantías): Administration of severance funds with annual interest payments, transfers between funds, and account management services
4. Collective Investment Funds: Management of various FIC funds including Skandia Efectivo, Skandia Multiplazo, Skandia Comprar para Arrendar, and structured products
5. Life Insurance Products: Life insurance with savings components (Crea Ahorro, Crea Retiro, Crea Patrimonio) and pension insurance products
6. Brokerage Services: Securities brokerage through Skandia Valores S.A. for international investments and portfolio management

Pricing tiers

Go-to-market motion3 records

Distribution channels6 records

Marketing channels6 records

Core offering

Skandia Pensiones y Cesantías S.A. manages mandatory and voluntary pension funds (AFP), administers severance (cesantías) funds, offers a broad range of collective investment funds (FIC) across risk profiles, provides life insurance with savings components, and delivers securities brokerage services in Colombia. The integrated platform combines 100% digital self-service products with advisor-assisted personalized financial planning, serving both individual retail investors and corporate clients with employer benefit programs.

Product overview

OLD MUTUAL SKANDIA PENSIONES Y CESANTIAS S A operates as a comprehensive financial services platform offering a diverse portfolio of investment, pension, and insurance products. The platform architecture consists of multiple integrated business lines: (1) Investment Management through collective investment funds (FIC) including money market funds (FIC Efectivo, FIC Skandia Monetario), real estate funds (Inmobiliario Comprar para Arrendar, Inmobiliario Grandes Superficies), structured products (Skandia S&P 500 con K protegido), and international funds (Euro Stoxx); (2) Pension Services including mandatory pension funds (Fondo de Pensiones Obligatorias), voluntary pension funds (Skandia Multifund, Skandia Invest-Ed), alternative pension funds, and severance funds (Fondo de Cesantías); (3) Insurance Products including life insurance with savings (Crea Ahorro), individual pension insurance (Crea Retiro), and group pension insurance (Seguro Colectivo); (4) Fiduciary Services through Skandia Fiduciaria S.A. managing special trusts and closed-end funds (CAT series); and (5) Brokerage Services via Skandia Valores S.A. The ecosystem is supported by digital platforms for 100% digital investment, simulator tools (tributary, cash flow), and personalized financial advisory services.

Differentiator

Problem solved

Functional benefit

Brands

• Skandia Multifund: Voluntary pension fund with multiple investment profiles
• Skandia Capital + Seguro
• Skandia Invest-Ed
• Crea Ahorro
• Crea Retiro
• Crea Patrimonio
• FIC Skandia Efectivo
• FIC Skandia Multiplazo
• FIC Inmobiliario Comprar para Arrendar
• Skandia Wealth
• Skandia Channel
• SAMI

Products and services

• Fondo de Pensiones Obligatorias Mandatory pension fund for retirement savings as part of Colombia's social security system, administered under AFP license for individual workers.
• Fondo de Cesantías Severance fund for unemployed workers in Colombia, providing financial protection between jobs with annual interest payments and transfer capabilities.
• Skandia Multifund - Fondo Voluntario de Pensión Voluntary pension fund offering flexible investment options managed with expert financial advisors, combining pension savings with investment growth for individual savers.
• Skandia Invest-Ed - Fondo Voluntario de Pensión Voluntary pension fund designed for education-focused savings and long-term investment growth, available as a 100% digital product.
• Fondo Alternativo de Pensiones Alternative pension fund offering diversified investment options for retirement planning beyond traditional mandatory and voluntary pension funds.
• Skandia Capital + Seguro Voluntary pension fund combined with life insurance coverage for comprehensive retirement and family protection planning.
• Skandia Inversión (Personas) Voluntary pension sub-product designed for individual investors seeking investment-focused retirement savings.
• Skandia Inversión Plus Enhanced voluntary pension sub-product with advanced investment features for individual investors.
• Skandia Ahorro Colectivo (Empresas) Corporate savings fund enabling companies to manage collective employee voluntary pension savings programs.
• Skandia Créditos Credit services integrated with pension products, providing financial flexibility for fund members.
• FIC Skandia Efectivo Money market collective investment fund offering immediate liquidity and low market risk for emergency savings and short-term investments, available as a 100% digital product.
• FIC Skandia Montoario Monetary collective investment fund for conservative investors seeking stable returns with high liquidity.
• Universales Skandia Universal digital investment funds allowing automated investment selection across various risk profiles and strategies.
• FCP Skandia Alternativo - Impacto Private capital fund compartment focused on impact investments for aggressive investor profiles, managed by Skandia Fiduciaria S.A.
• FCP Skandia Alternativo - Crédito Impulso Alternative fund compartment focused on credit impulse investments for aggressive investor profiles.
• FIC Skandia Multiplazo Moderate profile collective investment fund with diversified multi-term investment strategies.
• FIC Inmobiliario Comprar para Arrendar Real estate collective investment fund focused on purchasing property for rental income generation.
• Inmobiliario Grandes Superficies Real estate investment fund focused on large commercial surfaces and retail properties.
• Skandia S&P 500 con K protegido Structured collective investment fund linked to the S&P 500 index with capital protection feature.
• Fondo de Inversión Colectiva Skandia Euro Stoxx International collective investment fund exposing investors to European equity markets through the Euro Stoxx index.
• Skandia Fideicomisos Especiales Special fiduciary arrangements and trust structures for specialized investment needs, including the CAT series of closed-end collective investment funds.
• Inversiones Internacionales / Vestiva International investment products allowing investment in USD-denominated assets for portfolio diversification.
• Crea Ahorro - Seguro de Vida con Ahorro Life insurance product combining death protection with a savings accumulation component for individual policyholders.
• Crea Retiro - Seguro Individual de Pensiones Individual pension insurance designed for retirement planning with flexible contribution options.
• Crea Patrimonio - Seguro de Pensiones Pension insurance product focused on wealth creation and estate planning.
• Seguro Colectivo de Pensiones Group pension insurance product for employers seeking to offer retirement benefits to their workforce.
• Skandia Valores S.A. - Sociedad Comisionista de Bolsa Securities brokerage firm providing securities trading and commission-based investment management services through Skandia Valores S.A.
• Skandia Contrato de Comisión y Administración de Valores Commission contract and securities administration service for managing client investment portfolios.
• Skandia Holding de Colombia S.A. Holding company overseeing the Skandia Colombia financial group operations across AFP, Fiduciaria, Seguros, and Valores entities.

Quantifiable outcome

• 14.53% E.A. 30-day return on FIC Skandia Efectivo (as of May 2026)

Named customers3 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

Feature5 records

Partnerships

Three partnerships are on record, tiered core and minor.

• ASOFONDOS (Asociación Colombiana de Administradoras de Fondos de Pensiones y de Cesantías)coreStrategic or Co-development PartnerPartnership with Colombian Pension and Severance Fund Administrators Association for industry collaboration, statistical studies, and information sharing related to the Colombian pension system. Skandia AFP-ACCAI participates in industry initiatives coordinated by ASOFONDOS.
• Superintendencia Financiera de Colombia (SFC)coreOthersRegulatory oversight by Colombia's Financial Superintendent. Skandia entities (AFP, Fiduciaria, Seguros, Valores) are supervised and regulated by SFC under Colombian financial regulations.
• Authorized Banking CollectorsminorChannel Partner/ Reseller/ DistributorPartnership with authorized banks for collection of pension contributions, severance fund deposits, and other financial transactions. Deposits made through unique collection forms at authorized banking entities.

Scale indicators4 records

Recent moves6 records

Expansion highlights4 records

Broad incumbents

• BBVA Colombia: International bank with significant Colombian operations in pensions, investments, and insurance — overlapping with Skandia's product suite through both proprietary and partner channels.
• Davivienda: Major Colombian bank with an affiliated AFP, fiduciary, and insurance business; competes with Skandia for retail savings and corporate employee benefit distribution via branch and digital channels.
• Suramericana / Grupo Sura: Large Colombian financial conglomerate with pension, insurance, and investment management arms that overlap with Skandia's integrated offering and competes across retail wealth, corporate benefits, and life insurance.

Direct peers

• Fiduciaria Bancolombia: Colombian fiduciary and investment management company competing with Skandia Fiduciaria in collective investment funds, real estate funds, and structured trust products for the same retail and institutional clients.
• AFP Protección: Major Colombian AFP offering mandatory and voluntary pension, severance funds, and investment products with strong corporate employer relationships — a direct head-to-head competitor to Skandia in the AFP market.
• Seguros Bolívar: Colombian life insurance and pension insurance provider offering savings, retirement, and group pension products that directly compete with Skandia Seguros de Vida's Crea series.
• AFP Porvenir: Colombia's largest pension fund administrator (AFP), directly competing with Skandia in mandatory pension, voluntary pension, and severance fund (cesantías) administration for the same Colombian retail and corporate client base.
• Colfondos: Colombian AFP and investment management company, part of the Sura group, offering pension, severance, and investment funds in direct competition with Skandia across retail and corporate segments.

Others

• Skandia Fiduciaria S.A. Wholly-owned fiduciary subsidiary of Skandia Pensiones y Cesantías S.A. — included as a self-reference to anchor comparability against other Colombian fiduciary operators managing collective investment funds and trusts.
• Old Mutual Limited: Parent conglomerate and African financial services group whose Old Mutual Emerging Markets unit owns Skandia Colombia — a parent-level peer that shares governance, capital, and cross-border product capabilities with the Skandia Colombia franchise.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/skandiacol
• YouTubeyoutube.com/channel/UCBkvnW9tFpaNZaNe8zbxPyg
• Facebookfacebook.com/SkandiaCol
• LinkedInlinkedin.com/company/old-mutual-skandia-pensiones-y-cesantias-s-a
• Instagraminstagram.com/skandiacol

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries4 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 OLD MUTUAL SKANDIA PENSIONES Y CESANTIAS S A