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.
The Pensions Regulator (TPR) and Labour MP Stephen Kinnock and will listen to the experiences of steelworkers when transferring their pensions away from the British Steel Pension Scheme (BSPS) next week in Port Talbot.
Just Group has acquired a 75% stake in the holding company of Corinthian Pension Consulting in a bid to strengthen its professional defined benefit (DB) advisory services.
The Pensions Regulator (TPR) has exercised its production order power under the Proceeds of Crime Act 2002 for the very first time as part of a fraud investigation.
The ITN Limited Pension Scheme has named Trafalgar House as its administrator for an initial term of five years.