IPE's Spain & Portugal Coverage – Page 9
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NewsSpanish pension funds' return on investment falls by 2.5% in August
Industry association Inverco says performance shows largest drop in five years.
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FeaturesPortugal: The private sector problem
Reforms to public sector pensions have not been matched by measures to encourage private saving, writes Jim Robinson
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FeaturesSpain: Ill-prepared for austerity
Bloated and unsustainable public provision has stifled private pensions while political wrangling and the pressure for austerity is hampering reform efforts, writes Jim Robinson
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Country Report
Spain: Eggs in one basket
Jim Robinson comments on the asset allocation of Spain’s €58bn social security reserve fund
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Country Report
Portugal: Diversification away from home
Nina Röhrbein reports on a Portuguese pension market that is stagnating as employers struggle with more pressing issues
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Country ReportSpain: Where to diversify?
Gail Moss charts the asset allocations of Spanish pension entities and notes the increase in interest in risk management
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News
Usual suspects top list of nations needing pension reform
[12:00 CET 22-12] EUROPE – Greece, Slovenia and Spain have topped a list compiled by Allianz Global Investors (AGI) of the most unsustainable pensions systems in Europe.
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Country Report
Spain after the deluge
Most Spanish pension funds increased exposure to equities in 2009, finds Gail Moss. What will they do next?
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Country Report
Spain: Social security still rules
Ninety per cent of Spanish workers do not have access to a secondary pension fund, and are reliant on the first pillar social security pension. Nina Röhrbein looks at the measures taken by the Spanish government as it seeks to readdress this imbalance
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Country Report
Portugal on the beaten path
Nina Röhrbein discusses how the prudent person approach, coupled with global financial crisis, has affected asset allocation at Portuguese pension companies
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Country Report
Supplementing social security
As parametric reforms, which have been gradually coming into force in Portugal since 2002, are set to reduce the first pillar state pension benefits, the government needed to bring in a system to compensate for loss of income.
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FeaturesPortugal: Eyes on risk management
New regulations aim to strengthen awareness of risk, even though Portuguese pension funds have been less affected by the financial crisis than some, reports Nina Röhrbein
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FeaturesSpain: Pensions go off the radar
Spain’s ageing population means problems ahead for the pensions system, but proposals to deal with them are not expected until next year, reports Nina Röhrbein
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FeaturesPutting off mañana
Although the leading political parties agree they should revisit the Toledo pact that is the basic text of Spain’s pensions reform, they have yet to agree when. And pensions are just not on the current government’s agenda, writes George Coats
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FeaturesMoves to maintain the balance
Spain’s €57bn reserve fund is intended to help plug the anticipated deficit in the social security budget. Diego Valero Carreras explains the background
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Special ReportGetting the correct balance
Javier Aibar Bernard is the general director of the Social Security Treasury, which oversees Spain’s €55.9m Reserve Fund, the Fondo de Reserva de la Seguridad Social (FRSS). He explains to George Coats how the fund is run and discusses its ability to fulfil its role
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Features
Joint award reflects range of skills and strengths
The aim of the Cepsa Group Pension Fund is to achieve adequate returns for the members and beneficiaries of the scheme, over the medium and long term and using a low risk profile. The fund defines ‘adequate’ as two to three points above the Spanish consumer price index. As a ...
