The Dominican Republic's Pensions Superintendency (SIPEN) used remarks by Superintendent Francisco A. Torres at FITUR 2026 in Madrid to position pension fund investments as a key source of long-term financing for national tourism development, while addressing challenges in improving future pension benefits. Torres said pension fund investments channelled through Investment Fund Administrators (AFIs) are directed primarily to tourism, followed by the energy and industrial sectors, and noted that pension funds have grown to DOP 1.6 million over 20 years, representing 20% of GDP. Pension funds invested DOP 208bn through AFIs in 2025, a 40% increase versus 2024. On benefit adequacy, he highlighted the need for more consistent contribution patterns and the availability of voluntary complementary pension accounts for specific purposes, including a first home, medical emergencies and children’s education. He also described the investment selection process through the Risk Rating and Investment Limits Commission (CCRyLI), led by SIPEN and including the securities, insurance and central bank supervisors and an affiliates’ representative.
Pensions Superintendency (SIPEN) 2026-01-22
Dominican Republic's Pensions Superintendency links pension fund investment strategy to tourism financing and reports DOP 208bn invested via AFIs in 2025
At FITUR 2026, the Dominican Republic's Pensions Superintendency (SIPEN) noted that pension fund investments, mainly in tourism, have grown to DOP 1.6 million over 20 years, representing 20% of GDP. Superintendent Francisco A. Torres stressed the importance of consistent contributions and voluntary complementary pension accounts, detailing the investment selection process managed by the Risk Rating and Investment Limits Commission.