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.
This week's edition of Professional Pensions is out now.
Ben Gunnee reflects on 2018 and talks about the Fiduciary Management trends to keep an eye on in 2019
Lloyds Banking Group secured 630,000 new pension customers last year, according to its 2018 annual results.