MEXICO - The pension fund industry in Mexico is moving towards increased transparency with plans to improve pension fund performance disclosure.
Plans are currently underway for each Mexican pension fund to disclose its investment performance, including references to the benchmarks used.
A staff report drawn up by the International Monetary Fund welcomed the hope that transparency in the pension fund industry could improve in the near future.
Pressure on government finances due to public employee pension pay outs was also an issue. The IMF forecast spending pressures to rise over the median term.
Proposed reforms of the pension system for public employees were under discussion in congress, though no conclusions have been drawn yet.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.