ARGENTINA - Argentina's pension agency named two directors to the board of Banco de Galicia y Buenos Aires SA and Banco Patagonia SA as part of the government's plan to exercise more voting power over companies in which it owns shares.
ARGENTINA - Argentina's lower house approved an opposition-backed bill to boost the country's minimum monthly pension payments and link them to the minimum wage, a move the government said would bankrupt the current system.
ARGENTINA - The Argentinean government has announced an increase in pension payments to retirees of 16.9%, the second rise this year.
ARGENTINA/US - Argentina has repatriated US$200m of public pension assets frozen in the US by a court order.
ARGENTINA - President Cristina Fernández announced pension payments will be raised by 8.2% from the beginning of March, taking the level of pension increases to nearly 500% since 2003.
ARGENTINA - Argentina's March tax collection increased by 23% year-on-year largely due to pension contributions, data from the country's Federal Tax Agency (AFIP) reveals.
ARGENTINA - Argentina's Senate approved president Cristina Fernandez de Kirchner's plan to nationalise about US$24bn in private pensions.
ARGENTINA - Argentina's Lower House has voted to support president Cristina Fernandez de Kirchner's plan to nationalise about US$26bn in private pensions, a proposal that raised concern of a default.
LATIN AMERICA - Following the Argentine government's move to nationalise the private pension fund industry, further bad news is likely from other Latin American countries, a Schroders' briefing note has warned.
ARGENTINA - Argentine president Cristina Fernandez de Kirchner, grappling with a financial crisis that has frozen access to credit, will propose an overhaul of the pension system that may give the government control of $29bn in privately run retirement...
ARGENTINA - Watson Wyatt has bought consulting firm Marcu & Asociados to expand its business in Latin America.
ARGENTINA - ING has announced the takeover of Argentine pension fund Origines AFJP and annuity company Origenes Seguros de Retiro in a deal worth US$280m, making ING the largest pension fund manager and the second largest annuity provider in the region....
NETHERLANDS/ARGENTINA - ING Group confirmed that it was still locked in talks to acquire Origenes AFJP pension fund from the Argentinean arm of Santander and its joint venture partner in the pension business Grupo Bapro.
ARGENTINA - The Argentine Federation of Accountants has released a new rule establishing guidlines for recognising liabilities and expenses related to pension plans.
ARGENTINA - The Argentine government has raided pension funds - known locally as AFJP's - in a desperate attempt to head off a default on its US$130bn debt.