CHILE - Chilean pension funds reached $153bn in assets in June, up 11% from the previous year, according to data released by the pension regulator.
Chilean funds are divided into five categories with Fund A being the riskiest and Fund E the least risky.
In the year ended 30 June, Fund A was up 10.38% while Fund E was up 3.07%, said the Superintendencia de Pensiones.
However, for the month of June alone, all funds were in negative territory with losses ranging from 1.38% for Fund A to 0.63% for Fund D. Fund E, was down 1.11% for the month. In all cases, the funds suffered from a drop in international and domestic stock and bond markets.
Most respondents in this week's Pensions Buzz do not think businesses should be able suspend AE contributions if in financial distress.
Former BHS owner Dominic Chappell has lost the appeal against his section 72 conviction and sentence for failing to hand over information to The Pensions Regulator (TPR).
This week's top stories include Marsh and McLennan Companies agreeing to buy JLT, and the home secretary calling for AE to be scrapped in a no-deal Brexit scenario.
Lesley Titcomb says the watchdog wants closer interactions with pension funds to spot problems sooner and act before having to use its more stringent powers