Profuturo AFP SA is a Peru-based company engaged in the management of private pension funds. The Company's activities include the investment and collection of its clients contributions, the management of individual capitalization accounts and the provision of life and disability benefits, payments of funeral expenses and senior retirement pensions. The Company operates a network of 14 offices and branches located in Iquitos, Piura, Chiclayo, Cajamarca, Trujillo, Chimbote, Huacho, Lima, Huancayo, Ica, Cusco, Arequipa, Puno and Tacna. As of December 31, 2011, Scotia Peru Holdings SA was the Company's majority shareholder with 99.99% of its interest. As of April 2013, the Company owned 50% shares of AFP Horizonte, S.A.