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.
Guy Opperman has rejected calls to speed up changes to auto-enrolment (AE) despite increasing pressure to boost contribution rates and overall savings pots.
Pensions and Benefits UK 2019 is delighted to announce the launch of our programme for this year, celebrating 20 years of bringing you the latest updates on all things pensions and employee benefits. Register for your place today!
PP has compiled a list of what to watch out for over the coming months.
Willis Towers Watson's LifeSight is the first master trust to be granted authorisation by The Pensions Regulator (TPR).