Portugal

Pioneer expands Iberia team

SPAIN/PORTUGAL - Pioneer Investments has appointed Teresa Molins as senior sales manager of its institutional business in Spain and Portugal.

Danish fund may snap up Portugal's bonds as prices slump

DENMARK/PORTUGAL - Denmark's second-biggest pension fund said it may snap up Portuguese bonds if they keep falling after the country became the third euro member to seek a bailout since Greece's fiscal woes triggered the sovereign debt crisis.

Portuguese funds August update
Portuguese funds August update

PORTUGAL - Portuguese pension funds received average expected returns of 1.4% (m-o-m) for August despite market volatility, said a report released by Watson Wyatt in Portugal.

Portugal overhauls social security system
Portugal overhauls social security system

PORTUGAL - The Portuguese government has set out its controversial agenda to overhaul the first pillar pension system with measures designed to boost funding levels and reduce benefit payments.

Portuguese pension funds return 1.8%
Portuguese pension funds return 1.8%

PORTUGAL - Portuguese pension funds reported a 1.8% return in February 2006, a particularly good month for portfolios invested in domestic equities, said Watson Wyatt.

Portuguese pension funds in positive terrain
Portuguese pension funds in positive terrain

PORTUGAL - Portuguese pension funds are expected to post positive returns in July, returning an average of 0.7%, despite negative sentiment as a result of various terrorist attacks and volatile oil prices.