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.
This week's edition of Professional Pensions is out now.
Nearly 60% of UK employers consider defined contribution (DC) master trusts to be the "most suitable" pension fund for their employees, according to research by Buck.
Companies which have tried to dodge their pension duties by changing their identities are being "hunted" by The Pensions Regulator (TPR) in a crackdown on non-compliance with auto-enrolment (AE).
Removing liquidity restrictions would enable DC funds to capitalise on the potentially higher and safer returns that DB schemes have benefitted from, says Patrick Marshall.