Colombia's Ministry of Finance and Public Credit issued Decree 0369 of 2026, amending Decree 2555 of 2010 to lower the limit on mandatory pension funds' investments in foreign assets from 70% to 30%. The change applies to funds that manage the savings of more than 19 million Colombians, with assets exceeding COP 527 trillion. The ministry said the measure is intended to enable more pension investment in Colombia while reaffirming that pension assets remain private and that pension fund administrators retain investment autonomy. The reduction will be phased in over five years, with the cap set at 35% in the third year and 30% in the fifth year. According to the ministry's explanation, the adjustment will begin with new contributions and existing overseas investments will be brought back gradually. The decree also includes a safeguard allowing pension fund administrators to maintain foreign investments if the adjustment would put fund security or returns at risk, provided they support that position technically before the Financial Superintendence of Colombia. Pension fund administrators have six months to submit their adjustment plans to the Financial Superintendence of Colombia. The decree also creates a project bank intended to connect public and private sector participants in identifying domestic investment opportunities, including roads, energy and other infrastructure.
Ministry of Finance & Public Credit (Colombia)2026-04-14
Colombia's Ministry of Finance and Public Credit cuts mandatory pension funds' foreign investment cap to 30% over five years
Colombia's Ministry of Finance and Public Credit has reduced the foreign investment cap for mandatory pension funds from 70% to 30%, with the change phased in over five years. Pension fund administrators must submit adjustment plans within six months and may retain foreign holdings if a faster shift would endanger fund security or returns. The decree also creates a project bank for domestic investment opportunities.