MEXICO - Mexican bank Grupo Financiero Banorte SAB has agreed to merge its pension fund with Afore XXI, the pension fund half owned by the Mexican Social Security Institute (IMSS) and Prudential.
MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m.
MEXICO - Mexico will allow pension operators to hire third-party firms beginning in May to help manage their investments, the chief of the country's retirement-fund regulator said.
MEXICO - Mexican pension funds hit 1.4trn pesos ($118bn) at the end of March, figures from the Comisión Nacional del Sistema de Ahorro (Consar), the pensions regulator, show.
Rodrigo Amaral speaks to the executive chairman of Mexico's private pensions association Oscar Franco about his quest to convince Mexicans to save for the future
MEXICO - Government-regulated pension funds, the nation's biggest institutional investors, reported 1.38trn pesos($113bn) under management in December, figures show.
MEXICO - Mexico may allow pension funds, the nation's biggest institutional investors, to tap global commodities that are trading at near two-year highs.
MEXICO - The Mexican Association of Administrators of Retirement Funds (Amafore) recorded profits of 2.6% in June, achieving a cumulative average of 6.6% in annualised terms.
MEXICO - US-based real estate developer AMB Property Corp. said it raised $260m primarily from Mexican pension plans, known as AFORES, for an industrial real estate fund, the AMB Mexico Fondo Logistico.
MEXICO - ING Groep NV's Mexican pension fund, the nation's best performer in the past three years, is buying fixed-rate bonds as a bet that inflation will keep slowing and may lead the central bank to cut interest rates.
MEXICO CITY - Assets under management of Mexican mandatory pension funds grew 23% to MXN1.24trn (US$97.8bn) at the end of April from a year earlier, data by regulator Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) showed.
MEXICO - Mexican Deputy Finance Minister Alejandro Werner said rules allowing pension funds to invest in stocks will lead to more initial public offerings.
New regulations allow Mexican pension funds access to a broader investment pool, as Giovanni Legorano reports
MEXICO - Mexican pension regulator Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) has expanded the range of equities pension funds can buy and introduced flexible value-at-risk (VaR) rules in a bid to better adapt to market volatility....
MEXICO - The country's state pension fund (afores) posted average returns of 5.5% for the month of January, according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).
MEXICO - The Mexican government should require companies and employees to more than double their pension contributions to bolster retirement incomes and the economy, said Oscar Franco, head of the pension association.
MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR).
MEXICO - Seven Mexican pension funds have invested a total of MXN3.42bn (US$268.6m) in the Macquarie Mexican Infrastructure Fund (MMIF), representing 66% of the fund's total assets under management.
MEXICO - Financial services group Profuturo is set to acquire Scotia Afore, the Mexican pension fund business of Canada's Bank of Nova Scotia.
MEXICO - Total assets managed by Mexican pension funds increased by 10.7% year-on-year, reaching MXN970.11bn (US$74.6bn) at the end of the first quarter of 2009, data by CONSAR show.
MEXICO - Mexican pension funds have agreed to invest only in local securities for the rest of the year in a bid to support the country's efforts to reactivate the national economy.
MEXICO - Mexican pension funds posted average net results of 4.47% for the last three years despite heavy losses in worldwide stock markets during the last year, statistics by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) have revealed....
MEXICO - Mexican senator Irma Martinez has introduced a bill to cap the fees that pension funds charge as declines in the price of assets cut into workers' savings.
MEXICO - Pension reform and a strong economy could see an annual inflow of up to US$10bn of domestic institutional money into the Mexican stock exchange, creating opportunities for global investors.