Colombian pension system and financialization

When studying pension systems and their reforms priority tends to be given to parametric aspects the influence of the demographic transition and the labour market. In focusing on these aspects the relationship of pension systems with the general economic structure is forgotten and the growth of financial capital and its progressive influence on the design of social protection systems must therefore be taken as a problem area. This is why the paper turns to the category of financialization and analyses the Colombian pension system from this perspective.