SPAIN - The profitability of Spanish pension funds has fallen by 4.1% since the beginning of year, Mercer's Pension Investment Performance Service has found.
The consultant found that, during the month of February 2009, the asset value of Spanish schemes dropped by 2.1%. It said variable income funds denominated in euros posted the worse performance, with...
SPAIN/PORTUGAL - Pioneer Investments has appointed Teresa Molins as senior sales manager of its institutional business in Spain and Portugal.
Spain has used the financial crisis to reform its pensions system, yet fears run high that the changes do not go far enough, writes Toby Lewis
SPAIN - The Spanish government will raise the retirement age today in a renewed bid to restore investor confidence after a €20bn ($27bn) plan to shore up savings banks failed to tame the nation's borrowing costs.
SPAIN - Spanish Labor Minister Valeriano Gomez is set to meet with union leaders today to negotiate an overhaul of the pension system as the Socialist government seeks to avoid a second general strike.
SPAIN - Spain's pension overhaul will be "as ambitious" as the government's initial proposal, which included an increase in the retirement age, Prime Minister Jose Luis Rodriguez Zapatero has said.