Latest news and analysis of pensions, asset management, regulation and trends in Spain and Portugal from our award-winning journalists.
The Socialist government aims to reduce pensioner poverty but faces considerable demographic hurdles
Government pushes through legislation package before elections last July
Average gains of 1.5% in the final quarter of 2022 took Portuguese pension funds to an average -11.4% return for the 12 months to 31 December 2022.
In Spain, the pension sector is giving a cautious thumbs up to workplace pension reform plans, even if they fall short of the industry’s wish list. Top of that list was mandatory auto-enrolment, which won’t now happen. But the planned national so-called Macro-fondo ‘super fund’ has met with general approval. It will be managed by the private sector but supervised by a control committee comprising government, employer and union representatives.