Consar assigns 9.4 million SAR accounts worth 121 billion pesos to Afore XXI Banorte

The National Commission of the Retirement Savings System (Consar) designated Afore XXI Banorte on October 19, 2026 as the new service provider of the Retirement Savings System (SAR), with responsibility for administering 9 million 417 thousand 381 individual accounts over six years, according to Expansión.

Those accounts hold a balance of more than 121 billion pesos, which remains safeguarded at Banco de México. With the designation, XXI Banorte reaches 16 million 986 thousand records and becomes the administrator with the most accounts in the country, according to the same publication. These are accounts that no one has claimed or formally registered with an Afore, a common universe among workers who contributed for only a short time or who work in the informal sector.

El Economista reported that Consar based its choice on the infrastructure, solvency, service capacity and commission rate offered by the administrator. The SAR pools the employer and voluntary contributions of millions of workers, so the assignment of unregistered accounts has a direct bearing on the long-term savings of the employed population. Among them are Mexicans who worked in the country before migrating and hold an account they may not have claimed.

For account holders, the change does not in itself alter the rules of their pension or the amount of their funds. The money stays at Banco de México, and the administrator receives employer contributions, seeks out the account owners and informs them of their balance so they can register, whether with XXI Banorte or another Afore. The administrator has enabled digital signatures on its website and via WhatsApp. David Razú Aznar, CEO of XXI Banorte, described the outcome as a sign of confidence in the institution, while Julio César Cervantes Parra, president of Consar, said the designation lowers the system's operating costs.

The next step depends on millions of workers who may not know they have an account. Consar maintains lookup tools to locate it, compare commissions and choose an administrator, and the four-monthly account statements will be the first clue for those who have not yet registered.

This article was written with the assistance of artificial intelligence from verified sources and reviewed by a human editor before publication.