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.
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).
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.
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.
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.
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.
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.
DB Portuguese custody launch
PORTUGAL - Deutsche Bank is to offer custody and related services to Portuguese pension funds.
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.
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.
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 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 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.
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.
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.
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 return 0.6%
PORTUGAL - Portuguese pension funds reported a 0.6% return in January 2006, a month marked by volatility, according to Watson Wyatt.
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.
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.
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.
Positive upturn in Portuguese pension funds
PORTUGAL - Portugeuse pension funds posted positive returns for August, with the main contributions from equities.
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.
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.
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.
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