Choosing an Afore is not an easy task, but in general you must take into account three things to do it: that the returns it gives you are high, the commission it charges you and the services it offers you as an affiliate.
All Mexican workers who contribute to the IMSS and ISSSTE must belong to a Retirement Fund Administrator (Afore), who is in charge of managing the resources so that when the time comes for their retirement, they have the right to receive a pension.
It is important to know the benefits that each administrator offers you. Photo: Pixabay
The Consar is in charge of monitoring the movements made by the Afores, if you don’t know which one you are in, you can visit the official website to find out. In the same way, it is important that you know that in your account statement you can review the performance offered by the administrator where you are.
The account statement should arrive three times a year at your address or via email, if not, you can go to an executive to follow up on your case. One way to increase your savings is to make voluntary contributions, which can increase your pension.
Here we present the returns obtained by the administrators at the end of October 2020, for those born between 1960 and 1964.
Afore Performance compared September-October Profuturo from 6.27% to 6.31% (same position) Coppel from 5.76% to 5.83% (same position) Pensionissste from 5.68% to 5.65% (same position) Sura from 5.47% goes to 5.62% (one position rises) XXI Banorte from 5.55% goes to 5.60% (one position falls) Citibanamex from 5.38% goes to 5.43% (one position rises) Azteca from 5.37% goes to 5.40% (rises one position) Inbursa from 5.42% to 5.34% (down two positions) Main from 5.29% to 5.32% (same position) Invercap from 4.41% to 4.43% (same position)
Based on these data, which corresponds to the end of October, the main three Afores that stand out for their higher return to people born in 1960 and 1964 are Profuturo, Coppel and Pensionissste.
If at any time you need advice on your Afore, you can consult the official pages or communicate on their telephone lines:
Afore Phones Official site Profuturo 01 800 715 5555 www.profuturo.mx Inbursa 01 800 909 0000 www.inbursa.com Pensionissste 01 800 400 2000 www.gob.mx/pensionissste Coppel 01 800 226 7735 www.aforecoppel.com XXI Banorte 0155 2000 1994 www.xxi-banorte.com Sura 0144 3310 8192 www.suramexico.com Invercap 01 800 522 2367 www.invercap.com.mx Banamex 01 800 282 3673 www.aforebanamex.com.mx Principal 01 800 277 4624 www.principal.com .mx
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