Professional Pensions www.professionalpensions.com Two Mexican pension funds to merge <p><!--summary start--> 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. <!--summary end--></p> https://www.professionalpensions.com/news/2102800/mexican-pension-funds-merge https://www.professionalpensions.com/news/2102800/mexican-pension-funds-merge Thu, 18 Aug 2011 12:35:00 +0000 Principal Group to buy HSBC's Mexican pension business <p><!--summary start--> MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m. <!--summary end--></p> https://www.professionalpensions.com/news/2042733/principal-hsbc-mexican-pension-business https://www.professionalpensions.com/news/2042733/principal-hsbc-mexican-pension-business Tue, 12 Apr 2011 11:15:16 +0000 Mexico to allow outside firms to help manage worker pensions <p><!--summary start--> 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. <!--summary end--></p> https://www.professionalpensions.com/news/2042500/mexico-allow-outside-firms-help-manage-worker-pensions https://www.professionalpensions.com/news/2042500/mexico-allow-outside-firms-help-manage-worker-pensions Mon, 11 Apr 2011 14:07:27 +0000 Mexican pension assets hit 1.4trn pesos <p><!--summary start--> 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. <!--summary end--></p> https://www.professionalpensions.com/news/2040946/mexican-pension-assets-hit-14trn-pesos https://www.professionalpensions.com/news/2040946/mexican-pension-assets-hit-14trn-pesos Wed, 6 Apr 2011 11:11:00 +0000 Mexican pension funds in a charm offensive <p><!--summary start--> Rodrigo Amaral speaks to the executive chairman of Mexico's private pensions association Oscar Franco about his quest to convince Mexicans to save for the future <!--summary end--></p> https://www.professionalpensions.com/feature/1063183/mexican-pension-funds-charm-offensive https://www.professionalpensions.com/feature/1063183/mexican-pension-funds-charm-offensive Mon, 7 Feb 2011 16:43:00 +0000 Mexico pension funds record 1.38trn pesos AUM in December <p><!--summary start--> MEXICO - Government-regulated pension funds, the nation's biggest institutional investors, reported 1.38trn pesos($113bn) under management in December, figures show. <!--summary end--></p> https://www.professionalpensions.com/news/1935344/mexico-pension-funds-record-138trn-pesos-aum-december https://www.professionalpensions.com/news/1935344/mexico-pension-funds-record-138trn-pesos-aum-december Thu, 6 Jan 2011 14:36:00 +0000 Mexico may let pension funds invest in commodities <p><!--summary start--> MEXICO - Mexico may allow pension funds, the nation's biggest institutional investors, to tap global commodities that are trading at near two-year highs. <!--summary end--></p> https://www.professionalpensions.com/news/1896006/mexico-pension-funds-invest-commodities https://www.professionalpensions.com/news/1896006/mexico-pension-funds-invest-commodities Fri, 12 Nov 2010 15:03:42 +0000 Mexican schemes return 14.8% over first half of year <p><!--summary start--> MEXICO - The Mexican Association of Administrators of Retirement Funds (Amafore) recorded profits of 2.6% in June, achieving a cumulative average of 6.6% in annualised terms. <!--summary end--></p> https://www.professionalpensions.com/news/1727923/mexican-schemes-return-147-half https://www.professionalpensions.com/news/1727923/mexican-schemes-return-147-half Fri, 13 Aug 2010 14:30:00 +0000 Mexican schemes buy into local property fund <p><!--summary start--> MEXICO - US-based real estate developer AMB Property Corp. said it raised $260m primarily from Mexican pension plans, known as AFORES, for an industrial real estate fund, the AMB Mexico Fondo Logistico. <!--summary end--></p> https://www.professionalpensions.com/news/1020042/mexican-schemes-local-property-fund https://www.professionalpensions.com/news/1020042/mexican-schemes-local-property-fund Tue, 3 Aug 2010 09:33:37 +0000 ING Mexico manager buys corporate debt, says rates may decline <p><!--summary start--> MEXICO - ING Groep NV's Mexican pension fund, the nation's best performer in the past three years, is buying fixed-rate bonds as a bet that inflation will keep slowing and may lead the central bank to cut interest rates. <!--summary end--></p> https://www.professionalpensions.com/news/1720784/ing-mexico-manager-buys-corporate-debt-rates-decline https://www.professionalpensions.com/news/1720784/ing-mexico-manager-buys-corporate-debt-rates-decline Mon, 5 Jul 2010 11:29:00 +0000 Mexican scheme assets up 23% from 2009 <p><!--summary start--> MEXICO CITY - Assets under management of Mexican mandatory pension funds grew 23% to MXN1.24trn (US$97.8bn) at the end of April from a year earlier, data by regulator Comisión Nacional del Sistema de Ahorro para el Retiro (Consar) showed. <!--summary end--></p> https://www.professionalpensions.com/news/1015036/mexican-scheme-assets-23-2009 https://www.professionalpensions.com/news/1015036/mexican-scheme-assets-23-2009 Mon, 17 May 2010 14:19:58 +0000 Mexico's Werner forecasts more IPOs on pension rules <p><!--summary start--> MEXICO - Mexican Deputy Finance Minister Alejandro Werner said rules allowing pension funds to invest in stocks will lead to more initial public offerings. <!--summary end--></p> https://www.professionalpensions.com/news/1003197/mexico-werner-forecasts-ipos-pension-rules https://www.professionalpensions.com/news/1003197/mexico-werner-forecasts-ipos-pension-rules Thu, 6 May 2010 14:32:00 +0000 Mexico unravels investment restrictions <p><!--summary start--> New regulations allow Mexican pension funds access to a broader investment pool, as Giovanni Legorano reports <!--summary end--></p> https://www.professionalpensions.com/feature/1595255/mexico-unravels-investment-restrictions https://www.professionalpensions.com/feature/1595255/mexico-unravels-investment-restrictions Mon, 8 Mar 2010 10:59:00 +0000 Consar relaxes rules on Mexican pension fund investments <p><!--summary start--> MEXICO - Mexican pension regulator Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) has expanded the range of equities pension funds can buy and introduced flexible value-at-risk (VaR) rules in a bid to better adapt to market volatility. <!--summary end--></p> https://www.professionalpensions.com/news/1592827/consar-relax-rules-mexican-pension-fund-investments https://www.professionalpensions.com/news/1592827/consar-relax-rules-mexican-pension-fund-investments Fri, 19 Feb 2010 15:08:00 +0000 Mexican funds up 5.5% in January <p><!--summary start--> MEXICO - The country's state pension fund (afores) posted average returns of 5.5% for the month of January, according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR). <!--summary end--></p> https://www.professionalpensions.com/news/1592142/mexican-funds-january https://www.professionalpensions.com/news/1592142/mexican-funds-january Tue, 16 Feb 2010 15:07:59 +0000 Mexico should push to double pension contributions <p><!--summary start--> MEXICO - The Mexican government should require companies and employees to more than double their pension contributions to bolster retirement incomes and the economy, said Oscar Franco, head of the pension association. <!--summary end--></p> https://www.professionalpensions.com/news/1587592/mexico-push-double-pension-contributions https://www.professionalpensions.com/news/1587592/mexico-push-double-pension-contributions Tue, 19 Jan 2010 09:23:00 +0000 Mexican pension assets reach US$90bn <p><!--summary start--> MEXICO - The country's pension fund assets rose 22.8% in 2009 to MXN1.15trn (US$90.8bn), according to data released by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR). <!--summary end--></p> https://www.professionalpensions.com/news/1587515/mexican-pension-assets-reach-ususd90bn https://www.professionalpensions.com/news/1587515/mexican-pension-assets-reach-ususd90bn Mon, 18 Jan 2010 13:58:42 +0000 Mexican pension funds invest in local infrastructure <p><!--summary start--> MEXICO - Seven Mexican pension funds have invested a total of MXN3.42bn (US$268.6m) in the Macquarie Mexican Infrastructure Fund (MMIF), representing 66% of the fund's total assets under management. <!--summary end--></p> https://www.professionalpensions.com/news/1014349/mexican-pension-funds-invest-local-infrastructure https://www.professionalpensions.com/news/1014349/mexican-pension-funds-invest-local-infrastructure Fri, 15 Jan 2010 14:50:21 +0000 Profuturo to buy Scotiabank pension fund business <p><!--summary start--> MEXICO - Financial services group Profuturo is set to acquire Scotia Afore, the Mexican pension fund business of Canada's Bank of Nova Scotia. <!--summary end--></p> https://www.professionalpensions.com/news/1561675/profuturo-scotiabank-pension-fund-business https://www.professionalpensions.com/news/1561675/profuturo-scotiabank-pension-fund-business Tue, 10 Nov 2009 15:02:14 +0000 Mexican funds assets grow <p><!--summary start--> MEXICO - Total assets managed by Mexican pension funds increased by 10.7% year-on-year, reaching MXN970.11bn (US$74.6bn) at the end of the first quarter of 2009, data by CONSAR show. <!--summary end--></p> https://www.professionalpensions.com/news/1448225/mexican-funds-assets-grow https://www.professionalpensions.com/news/1448225/mexican-funds-assets-grow Thu, 16 Apr 2009 01:00:00 +0000 Mexican funds go local <p><!--summary start--> MEXICO - Mexican pension funds have agreed to invest only in local securities for the rest of the year in a bid to support the country's efforts to reactivate the national economy. <!--summary end--></p> https://www.professionalpensions.com/news/1465963/mexican-funds-local https://www.professionalpensions.com/news/1465963/mexican-funds-local Thu, 19 Mar 2009 00:00:00 +0000 Mexican pension funds navigate the storm <p><!--summary start--> MEXICO - Mexican pension funds posted average net results of 4.47% for the last three years despite heavy losses in worldwide stock markets during the last year, statistics by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) have revealed. <!--summary end--></p> https://www.professionalpensions.com/news/1451669/mexican-pension-funds-navigate-storm https://www.professionalpensions.com/news/1451669/mexican-pension-funds-navigate-storm Tue, 20 Jan 2009 00:00:00 +0000 Lawmaker proposes pension fund fee cap <p><!--summary start--> MEXICO - Mexican senator Irma Martinez has introduced a bill to cap the fees that pension funds charge as declines in the price of assets cut into workers' savings. <!--summary end--></p> https://www.professionalpensions.com/news/1448448/lawmaker-proposes-pension-fund-fee-cap https://www.professionalpensions.com/news/1448448/lawmaker-proposes-pension-fund-fee-cap Wed, 26 Nov 2008 00:00:00 +0000 Mexico beckons for pension funds <p><!--summary start--> MEXICO - Pension reform and a strong economy could see an annual inflow of up to US$10bn of domestic institutional money into the Mexican stock exchange, creating opportunities for global investors. <!--summary end--></p> https://www.professionalpensions.com/news/1461131/mexico-beckons-pension-funds https://www.professionalpensions.com/news/1461131/mexico-beckons-pension-funds Tue, 6 May 2008 01:00:00 +0000 ING sale increases focus on pensions <p><!--summary start--> MEXICO - ING has agreed to sell its non-core insurance business to AXA to concentrate on its pension and annuity business. <!--summary end--></p> https://www.professionalpensions.com/news/1447851/ing-sale-increases-focus-pensions https://www.professionalpensions.com/news/1447851/ing-sale-increases-focus-pensions Wed, 13 Feb 2008 00:00:00 +0000 MetLife expands in Mexico <p><!--summary start--> MEXICO - MetLife is to buy the pension fund operations of Grupo Actinver in a deal which will see the local asset manager selling its parent company's domestic products. <!--summary end--></p> https://www.professionalpensions.com/news/1450568/metlife-expands-mexico https://www.professionalpensions.com/news/1450568/metlife-expands-mexico Fri, 23 Nov 2007 00:00:00 +0000 Mexican investment rules relaxed <p><!--summary start--> MEXICO - In an effort to up returns, new rules passed by the government on Monday will allow pension fund providers (Afores) to offer clients increased access to more high-yielding asset classes. <!--summary end--></p> https://www.professionalpensions.com/news/1444831/mexican-investment-rules-relaxed https://www.professionalpensions.com/news/1444831/mexican-investment-rules-relaxed Wed, 11 Jul 2007 01:00:00 +0000 Mexican reform support <p><!--summary start--> MEXICO - The National Pension Fund Association has thrown its support behind major reforms heading towards the country's pension fund industry. <!--summary end--></p> https://www.professionalpensions.com/news/1467454/mexican-reform-support https://www.professionalpensions.com/news/1467454/mexican-reform-support Fri, 6 Jul 2007 01:00:00 +0000 Reform to halt transfer war <p><!--summary start--> MEXICO - Laws intended to reign in the defined contribution (DC) pension system and the transfer market were brought in by the government on Friday. <!--summary end--></p> https://www.professionalpensions.com/news/1467489/reform-halt-transfer-war https://www.professionalpensions.com/news/1467489/reform-halt-transfer-war Mon, 18 Jun 2007 01:00:00 +0000 More Mexican reforms <p><!--summary start--> MEXICO - Private pension scheme providers' hands have been untied a little as regulator CONSAR relaxed investment limits in order to improve diversification and returns for members. <!--summary end--></p> https://www.professionalpensions.com/news/1459706/-mexican-reforms https://www.professionalpensions.com/news/1459706/-mexican-reforms Mon, 30 Apr 2007 01:00:00 +0000 Radical pension changes <p><!--summary start--> MEXICO - The Mexican Congress has approved controversial changes to the health and pension system for 2.8m government workers. <!--summary end--></p> https://www.professionalpensions.com/news/1453166/radical-pension-changes https://www.professionalpensions.com/news/1453166/radical-pension-changes Fri, 27 Apr 2007 01:00:00 +0000 Mexican funds to up disclosure <p><!--summary start--> MEXICO - Mexican pension fund administrators (Afores) have agreed to publish a twice-yearly report giving a break down of their asset allocation and the benchmark indices used. <!--summary end--></p> https://www.professionalpensions.com/news/1456651/mexican-funds-disclosure https://www.professionalpensions.com/news/1456651/mexican-funds-disclosure Tue, 12 Dec 2006 00:00:00 +0000 Mexican funds to improve transparency <p><!--summary start--> MEXICO - The pension fund industry in Mexico is moving towards increased transparency with plans to improve pension fund performance disclosure. <!--summary end--></p> https://www.professionalpensions.com/news/1466174/mexican-funds-improve-transparency https://www.professionalpensions.com/news/1466174/mexican-funds-improve-transparency Mon, 16 Oct 2006 01:00:00 +0000