www.cuprum.cl

Founded in 1981 with the launching of the new social security system in Chile, AFP Cuprum has been associated with the copper mining market from its onset.

In 1988, Empresas Penta S.A. acquired a stake in AFP Cuprum, contributing its extensive assets management experience, which allowed AFP Cuprum to achieve significant market figures, both in number of affiliates and in the worth of its funds.

All these years, Cuprum has strived to provide its customers all-encompassing social security advice, is the pension funds administrator that attracts the largest percentage of high-income affiliates, and has the highest voluntary savings accounts balances. AFP Cuprum also boasts the highest balances managed in APV, achieving a 27.6% market share as of May 2006, overtaking all the other players in this market.

25 years of sustained growth

As of December 2005, Cuprum managed funds in excess of US$13.2 billion, split in debt and equity securities, both in Chile and abroad.

AFP Cuprum fund in US$ millions
(as of June 30, 2006)

Source: Superintendency of Pension Funds Administrators (SAFP)

People in the know trust AFP Cuprum.

No.1 in market share of high-income customers (as of March 2006).

As of March 2006, AFP Cuprum has the largest market share of high-income customers.

Market share in high income customers (as of March 2006)

Source: SAFP quarterly statistics (as of March 2006)

Largest average balance in voluntary savings accounts.

As of March 2006, AFP Cuprum has the largest average balance in voluntary savings accounts.

Average voluntary savings accounts balance as of May 2006
(in thousands of Ch$)


Source: SAFP monthly statistics (as of May 2006)

No.1 in APV balance managed

With a 27.6% market share in APV, AFP Cuprum is the leader in APV managed balances.

APV managed balance in Million Ch$

Source: SAFP monthly statistics (as of May 2006)

Customers with the highest average taxable income

Cuprum affiliates earn an average taxable income of Ch$603,359 –– 70% over the Ch$355,772 average taxable income managed by the other private pension funds administrators across the industry.

Source: SAFP quarterly statistics (as of March 2006)

Highest Profitability /Affiliate ratio

 

Profitability / Affiliate

Cuprum

69,0%

Competitors

47,3%

Source: SAFP monthly statistics (as of April 2006)

Expert in investments

  • Cuprum is No. 1 in profitability of the C Fund, the only fund remaining in existence from the beginning of the new pension fund administration system 25 years ago; as of June 2006.
  • Cuprum is No.1 in profitability of the E Fund from its launching in May 2000; as of June 2006.
  • Cuprum is No.1 in profitability of the D Fund from its launching in September 2002; as of June 2006.

Source: SAFP July 10, 2006 press release.

No. 1 in Customer Service Quality

In November 2005, Cuprum won Chile’s most prestigious customer service award, the “2005 Consumer Satisfaction National Award”, occupying the No.1 spot among Chile’s financial entities, and, of course, among pension fund administrators. The award is granted by Procalidad (a strategic partnership between Universidad Adolfo Ibáñez, Adimark and Chile Calidad) and Revista Capital, a Chilean financial magazine.

The only AFP recognized in the 2005 corporate reputation ranking

In 2005 Cuprum was recognized as one of the 25 companies with the best corporate reputation in Chile, according to a ranking prepared by the foreign newspaper Hill and Knowlton Captiva in conjunction with the Chilean newspaper La Tercera. A milestone: first time an AFP makes this ranking.