PORTUGAL - Portuguese pension funds received average expected returns of 1.4% (m-o-m) for August despite market volatility, said a report released by Watson Wyatt in Portugal.
The figure comes from the compounding of SEMP's average asset allocation at the end of June this year with the corresponding indices' monthly returns and represents an improvement on July's expected return of 0.9%.
Equities gave the highest positive returns for August: around 35% of the total portfolio.
The expected returns for the eight months up to the end of August are 4.7%, while the actual returns for the first quarter came in at 3.7% and -1.4% for the second quarter.
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XPS Pensions has enhanced its fiduciary management selection service in order to help trustees through initial selection and mandatory re-tendering.
One in five defined benefit (DB) schemes are in The Pension Regulator's (TPR) weakest two categories, analysis by Hymans Robertson has revealed.
State Street Global Advisors (SSGA) has been selected as the first index manager for the Asset Management Exchange's (AMX) passive funds.