MEXICO - The National Pension Fund Association has thrown its support behind major reforms heading towards the country's pension fund industry.
President of the Asociación Mexicana de Administradoras de Fondos para el Retiro (AMAFORE), Fransisco Gonzales, admitted the reforms would mean major changes in operating practices for many pension funds,...
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.