2024-07-17 03:04:01
Are you looking for an AFORE? We know that this topic is a bit complicated to understand, we also know that many times it is not given much attention; however, it is a very important topic for your financial future, that is why we will briefly explain what a AFORE and we will tell you Which AFORES have the highest number of complaints and why?
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The word AFORE means Retirement Fund Administratorand it is the institution that, as its name suggests, is responsible for managing the resources that the worker will receive in the future, that is, after retirement.
According to Art. 18 of the Retirement Savings Systems Actdefines the AFORE’s as
“Financial entities established as commercial companies that are dedicated exclusively, regularly and professionally to managing individual accounts and channeling the resources of the sub-accounts that comprise them in terms of social security laws, as well as managing investment companies”
Las AFORE´s There are currently 10 active administrators, they are:
They will all perform the same function; however, there are some that have greater Net Performance Indicator (NPI) of the National Commission of the Retirement Savings System, our job: to regulate the Retirement Savings System (SAR))– CONSAR reflects the profitability that each of the has generated Siefores in the short, medium and long term, so that the result reflects the consistency in the past performances that each has had. SIEFORE to benefit a worker.
Which AFORES have the highest number of complaints?
There are seven Afores that present complaints, being XXI-Banorte the one that heads the list, because according to the National Commission for the Protection and Defense of Users of Financial Services (CONDUSEF)In the first quarter of 2024 alone, this AFORE already had 18% of the total complaints, which are due to failure to comply with the terms of the contract.
The other 6 are due to lack of response to requests for procedures, non-completion of procedures for separation or unification of accounts, as well as disagreements with the withdrawal amounts granted:
- Citibanamex Afore recorded 11% of the claims
- InverCap accumulated 10%,
- Principal concentrated 8%
- I will benefit and 7%
- PensionISSSTE reported 5%
- Inbursa Afore recorded 2%.
It should be noted that if you need to change AFORE, You can only do this once a year.
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2024-07-17 03:04:01