MEXICO - Mexican pension funds posted average net results of 4.47% for the last three years despite heavy losses in worldwide stock markets during the last year, statistics by the Comisión Nacional del Sistema de Ahorro para el Retiro (CONSAR) have revealed.
The pension watchdog also indicated the value of pension assets managed by pension fund administrators increased by 2.8% from MXP937bn (US$67bn) to MXP964bn (US$69bn) in the first 15 days of 2009. CONSAR...
MEXICO - Mexican bank Grupo Financiero Banorte SAB has agreed to merge its pension fund with Afore XXI, the pension fund half owned by the Mexican Social Security Institute (IMSS) and Prudential.
MEXICO - The Principal Group will acquire HSBC's Mexican pension fund business for $198m.
MEXICO - Mexico will allow pension operators to hire third-party firms beginning in May to help manage their investments, the chief of the country's retirement-fund regulator said.
MEXICO - Mexican pension funds hit 1.4trn pesos ($118bn) at the end of March, figures from the Comisión Nacional del Sistema de Ahorro (Consar), the pensions regulator, show.
MEXICO - Government-regulated pension funds, the nation's biggest institutional investors, reported 1.38trn pesos($113bn) under management in December, figures show.