CHILE - The Central Bank of Chile has raised the amount of assets pension funds can invest internationally to 80% from 60%.
The bank said yesterday it would raise the limit gradually, rising by five percentage points every three months starting December. The limit will reach 80% by September 2011.
The modification reflects the government's economic policy, the bank said in a statement.
The proposed cold-calling ban may be ineffective if a collaborative regulatory approach between the UK and the European Union (EU) is not maintained post-Brexit, the Pensions Management Institute (PMI) has warned.
Some 56% of defined contribution (DC) asset managers do not believe they will have transaction cost information in time for pension funds' March year-end statements, according to Lane Clark & Peacock (LCP) research.
NEST has appointed Clive Elphick, Martin Turner, Mutaz Qubbaj and Chris Hitchen as trustee members of its reshaped board.
Most people want to avoid investing in projects that contribute to climate change, and would consider moving to another less-exposed provider, according to a survey commissioned by ClientEarth.