---
id: 7561
title: "AFP Confia: Best Pension Governance El Salvador 2020"
award_year: 2020
published: 2020-06-24 10:56:13
published_gmt: 2020-06-24 09:56:13
author: "CFI.co Editorial"
url: "https://cfi.co/awards/latin-america/2020/afp-confia-best-pension-governance-el-salvador-2020/"
categories: ["Best Practice", "Corporate Governance", "Latin America"]
content_class: award_rationale
independence_status: independent_editorial
sponsor_disclosure: none
editorial_lens: constructive_positive_lens
historical_status: current_at_publication
correction_status: none
archive_policy: no_delete
provenance_layer: github_versioned
wayback_status: archived
wayback_first_snapshot: 20200813175155
wayback_snapshot_url: "http://web.archive.org/web/20200813175155/https://cfi.co/awards/latin-america/2020/afp-confia-best-pension-governance-el-salvador-2020/"
license: CFI-OAAL-1.0
content_sha256: e68d4345d4b813d1c073b62f8378d1555f2d225cdb688b7788b20a033d0d859f
canonical: 7561-afp-confia-best-pension-governance-el-salvador-2020.json
---
# AFP Confia: Best Pension Governance El Salvador 2020
> Verbatim archived copy. Canonical machine record: `7561-afp-confia-best-pension-governance-el-salvador-2020.json`.
Since its launch in 1988, AFP Confia has been instrumental in shaping El Salvador’s pension fund system, which constitutes 44 percent of the country’s GDP. AFP Confia claims a majority share of the national market, with more than 1.5m pensions and $6bn in assets-under-management. This makes it the largest pension fund in Central America and the Caribbean. The company demonstrates strong corporate governance and an ethical code of integrity, commitment and excellence. AFP Confia acts with honesty and transparency, respects eco-efficiency standards, and protects client confidentiality. Board committees monitor operations to mitigate risk and combat corruption. AFP Confia has invested time and resources to better serve clients while supporting sustainable growth and development. The company responded swiftly to new legislation that opened its portfolio to international diversification, and unlocked fresh digital efficiencies. It has embarked on a complete digitalisation strategy using data analytics, biometric tech and artificial intelligence. AFP Confia, a subsidiary of the Atlantida Financial Group, has a Fitch AA credit rating. The CFI.co judging panel applauds the company’s steadfast service, and presents AFP Confia with the 2020 award for Best Pension Governance (El Salvador).