AFP Protección, a unit of Colombian holding company Grupo de Inversiones Suramericana, is the second largest pension fund manager in the country with some 1.6mn affiliates. It manages three funds for unemployment insurance, voluntary retirement savings, and mandatory retirement savings. In 2011, the company acquired Colombian bank Bancolombia's pension fund assets in El Salvador, AFP Crecer. AFP Protección was incorporated in 2010 and is based in Medellín
Administradora de Fondos de Pensiones y Cesantías Protección S.A.