SPAIN/PORTUGAL - Pioneer Investments has appointed Teresa Molins as senior sales manager of its institutional business in Spain and Portugal.
Spain has used the financial crisis to reform its pensions system, yet fears run high that the changes do not go far enough, writes Toby Lewis
SPAIN - The Spanish government will raise the retirement age today in a renewed bid to restore investor confidence after a €20bn ($27bn) plan to shore up savings banks failed to tame the nation's borrowing costs.
SPAIN - Spanish Labor Minister Valeriano Gomez is set to meet with union leaders today to negotiate an overhaul of the pension system as the Socialist government seeks to avoid a second general strike.
SPAIN - Spain's pension overhaul will be "as ambitious" as the government's initial proposal, which included an increase in the retirement age, Prime Minister Jose Luis Rodriguez Zapatero has said.
SPAIN - Spain needs an "urgent" overhaul of its pension system and may have to raise taxes to tame the euro-region's third-biggest deficit and avoid a jump in corporate borrowing costs, the Organisation for Economic Cooperation and Development said.
SPAIN - A Spanish pension bill will go to parliament for approval next year, later than expected, and the government is "open" to modifying its proposal that includes raising the retirement age, Labor Minister Valeriano Gomez said.
Spanish prime minister Jose Luis Rodriguez Zapatero said his country must overhaul its pension system, including raising the retirement age and changing the way payments are calculated.
SPAIN - The Spanish congress eked through a freeze on state pensions for 2011 by only one vote as the country implements a package of emergency measures to tackle its deficit.
SPAIN - The International Monetary Fund (IMF) has urged Spain that "bold" changes to state pension provision should be adopted quickly to help ease the country's financial woes.
SPAIN - The Spanish government is set to freeze state pensions for 2011 as part of a package of measures aimed at reducing the country's ballooning deficit and send a positive signal to markets.
SPAIN/EUROPE - Schemes will be able to reclaim withholding taxes from Spain after the country's government amended legislation on the tax treatment of dividends.
SPAIN - The two major Spanish trade unions are organising over 100 public protests against the government's plan to raise the retirement age by two years.
SPAIN - The Spanish government denied it planned to increase the number of contributory years needed to retire, but said it would continue with plans to raise the pension age by two years.
SPAIN - Assets under management (AUM) of pension funds falling under the individual system category increased by 6.9% in 2009 to €51.6bn (US$74.8bn) largely due to positive investment returns, data from research company VDOS Stochastics revealed.
GLOBAL - Lane Clark & Peacock LLP (LCP) has partnered with Spanish consultant Novaster, in a bid to expand its reach in Spain and Latin America.
SPAIN - Assets under management of pension funds falling under the individual system category decreased 0.63% during the month of October, data from research company VDOS Stochastics revealed.
SPAIN - Spanish defined contribution plans posted positive annual results for the first time since 2007, data from the Asociación de Instituciones de Inversión Colectiva y Fondos de Pensiones (Inverco) revealed.
SPAIN - Assets under management of Spanish pension funds suffered a 3.75% year-on-year decline due to market performance and reduced members' contribution, data by the Inverco reveal.
SPAIN - Fonditel, the pension fund manager for Spanish telecoms giant Telefónica, is reviewing ways it can reposition the firm in order to boost returns going forward.
SPAIN - The profitability of Spanish pension funds has fallen by 4.1% since the beginning of year, Mercer's Pension Investment Performance Service has found.
SPAIN - Spanish pension funds' estimated median returns are positive for the month of August in all the three classes of assets they hold, despite median year to date estimated returns of -3.6%, a survey by Mercer has found.
SPAIN - BBVA Fondo de Empleo has announced it will invest 5% of its pension fund assets into alternatives.
UK - The Atkins Pension Plan has shifted around 1,700 members to its defined contribution (DC) pension scheme after it closed two of its defined benefit (DB) sections to future accrual, according to MandateWire.