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.

• Spain
• 03 November 2011

Moody's downgrades Portuguese debt to 'junk' status

PORTUGAL - Moody's has downgraded Portuguese debt to 'junk' status on fears it will need a second bail out just months after it received €78bn ($112bn).

• Portugal
• 06 July 2011

Week on the Web: What stories have you missed out on this week?

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.

• Appointments
• 06 May 2011

Bailout package includes pension cuts

PORTUGAL - The country's €78bn ($116bn) bailout package will include cuts to higher pension payments, but left many other pension provisions in place.

• Portugal
• 04 May 2011

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.

• Denmark
• 07 April 2011

Portugal telecom transfer pension fund to state

PORTUGAL - Portugal Telecom has agreed to sign over its pension fund, which has €2.8bn ($3.7bn) in liabilities, to the state.

• Portugal
• 06 December 2010

Industry experts criticise Portuguese third pillar

Portugal's third pillar system has come under fire from the pension industry, with insiders questioning the need for a publicly-funded third pillar in competition with private options.

• Portugal
• 07 July 2008

DB Portuguese custody launch

PORTUGAL - Deutsche Bank is to offer custody and related services to Portuguese pension funds.

• Portugal
• 09 June 2008

Portugal: equity risk for pensions

PORTUGAL - The Portuguese banking system was "more than usually" exposed to equity price risk through employee pension funds, an IMF report showed.

• Portugal
• 25 October 2006

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
• 12 September 2006

Portuguese pension funds return 0.3% in June

PORTUGAL - Portuguese pension funds reported a 0.3% return in June, with main positive contributions from domestic equities, 36% of the total portfolio.

• Portugal
• 11 July 2006

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.

• Portugal
• 09 June 2006

Portuguese pension funds post -0.3% return in April

PORTUGAL - Portuguese pension funds reported a -0.3% return in April 2006 with main negative contributions from fixed income, worth around 31% of the total portfolio.

• Portugal
• 11 May 2006

Portuguese pension system could collapse within 8 years

PORTUGAL - The Organisation for Economic Co-operation and Development (OECD) has warned urgent action needs to be taken if the Portuguese state pension system is to be financially sustained beyond 2014.

• Portugal
• 20 April 2006

Portuguese pension funds return 1.1% in March

PORTUGAL - Portuguese pension funds reported a 1.1% return in March 2006, a positive performance assisted by rising interest rates, said Watson Wyatt.

• Portugal
• 10 April 2006

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.

• Portugal
• 17 March 2006

Portuguese pension funds return 0.6%

PORTUGAL - Portuguese pension funds reported a 0.6% return in January 2006, a month marked by volatility, according to Watson Wyatt.

• Portugal
• 08 February 2006

Portuguese pension funds return 1.9%

PORTUGAL - Portuguese pension funds reported a 1.9% return in December, the best monthly return this year according to Watson Wyatt.

• Portugal
• 05 January 2006

Portuguese pension funds return 1.5%

PORTUGAL - Portuguese pension funds reported a 1.5% return in November, the best return this year, according to Watson Wyatt.

• Portugal
• 06 December 2005

Portuguese pension funds record worst month in 2005

PORTUGAL - October was the worst month this year for Portuguese pension funds, with a negative 1% return posted against a background of falling markets and the expectation of higher inflation.

• Portugal
• 18 November 2005

Positive upturn in Portuguese pension funds

PORTUGAL - Portugeuse pension funds posted positive returns for August, with the main contributions from equities.

• Portugal
• 07 September 2005

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.

• Portugal
• 08 August 2005

Portuguese funds fare well in May

PORTUGAL - A broad recovery in equity markets buoyed Portuguese pension funds in May with an expected average return of 1.5%, says Watson Wyatt.

• Portugal
• 08 June 2005

Portuguese pension funds expected to return 0.1% in March

PORTUGAL - Portuguese pension funds are expected to return 0.1% in March, dragged down by poor returns from European equities.

• Portugal
• 07 April 2005