Rodrigo Amaral finds the allure of the fast-growing emerging market and operational hurdles have led Brazilian pension funds to stick to their home-country bias
AMERICAS- S&P Indices has launched its first in a series of indices designed to measure the performance of the Chilean, Columbian and Peruvian stock exchanges.
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.
LATIN AMERICA - Dutch firm ING Groep has agreed to sell its Latin America pension and life insurance business for €2.7bn ($4bn) to Colombian firm Grupo de Inversiones Suramericana (GRUPOSURA).
CHILE - Chilean pension funds reached $153bn in assets in June, up 11% from the previous year, according to data released by the pension regulator.
CHILE/CANADA - The Ontario Teachers' Pension Plan plans to bid to increase its stakes in two Chilean water utilities.
Industry watchers bemoan the government's move to nationalise private pensions and reduce the retirement age, Rodrigo Amaral reports
GLOBAL - Have you missed the biggest stories in pensions this week? Find out below, as we list the top 10 most popular stories on www.globalpensions.com over the past seven days.
PERU - Peru will seek to toughen laws to prevent presidential front-runner Ollanta Humala from tampering with $30bn managed by private pension funds should he win next month's election, Finance Minister Ismael Benavides said.
PUERTO RICO - Puerto Rico's A3 general-obligation debt rating is under review for a possible downgrade because of pension strains, Moody's Investors Service said.
LATIN AMERICA - Assets in Latin American pension and mutual funds will hit $1.4trn over the next five years, with Chile emerging as the most attractive market for asset managers, a new report shows.
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.
PERU - A Peruvian congressional committee approved a government proposal to increase the limit on private pension fund managers' investments overseas.
ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will reduce its portfolio risk by limiting government debt purchases and boosting corporate and home lending, a board member said.
PERU - Prima AFP, Peru's biggest pension fund manager, is taking advantage of the biggest stock selloff in more than two years and declines in the country's bonds and currency to buy assets on a bet prices will rebound after presidential elections.
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.
ECUADOR - Ecuador's public pension fund, the nation's biggest institutional investor, will limit purchases of government debt to about 30% of the $1bn set aside this year as rising oil prices trim the country's budget gap.
VENEZUELA - Petroleos de Venezuela will cover losses suffered by the company's pension fund when it invested in an alleged Ponzi scheme in the US, Oil Minister Rafael Ramirez said.
PERU - AFP Integra SA, manager of Peru's second-largest private pension fund, plans to increase investment in smaller mining companies as well as the consumer goods industry as growth in returns from Peruvian stocks slows.
CHILE - Chilean pension funds reported $145bn in assets at the end of February, though most took a hit for the month because of low equity returns.
Following the first anniversary of Previc, Rodrigo Amaral spoke to its superintendent director Ricardo Pena Pinheiro about the challenges ahead
SOUTH KOREA/JAPAN/BRAZIL - South Korea's National Pension Service and Posco, the world's third-biggest steelmaker, will buy a combined 15% stake in a Brazilian niobium producer with a group of Japanese companies.