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Spain

Spain: Sustainability quest continues

September 2017 (Magazine)By

Several strategies are being considered to ensure the country’s statutory pension scheme remains affordable

Spain fountain

Equities underpin Spanish pension fund returns in Q2

Fri, 18 Aug 2017By

Average allocations to cash rose in second quarter of 2017, INVERCO data shows

Spain

Equities boost Spanish pension fund returns in Q1

Wed, 7 Jun 2017By

Investor interest in alternatives growing but without major asset allocation shift

Spain: The end of two-party dominance

June 2017 (Magazine)By Paula Garrido

Spain’s political plight is in some respects similar to other Western European countries but in other ways fundamentally different

Spain

Basque fund ups local investments after strong 2016 return

Wed, 12 Apr 2017By

Geroa Pentsioak’s return was more than double the 2016 average from other Spanish pension funds

Spain

Pensions Caixa 30 gains 4.2% despite hedge fund drag

Fri, 24 Mar 2017By

Spain’s largest corporate pension scheme will increase equities and reduce fixed income this year

Plaza de Cabildo, Spain

Spanish social security 'to run out of money in July': report

Fri, 3 Mar 2017By

Retirement age increase mooted as policymakers grapple with funding crisis

Spain fountain

Spanish pension funds return 2.7% over 2016

Mon, 27 Feb 2017By

Pension funds join search for alternative assets as average returns decline

Almudena Cathedral, Madrid, Spain

Spanish third-quarter pension fund returns continue upswing

Mon, 28 Nov 2016By

‘Outstanding’ performance came from plans with more exposure to long-term fixed income

pensions in spain and portugal

Spain: Focus on safety first

October 2016 (Magazine)By

Pension funds are reducing their risk levels in response to uncertainties generated by Spain’s failure to form a government, Brexit and Italy’s banking crisis

caixabank

Pensions Caixa 30: Risk-reduction exercise

October 2016 (Magazine)By

Gail Moss finds out what Spain’s biggest corporate pension scheme has been doing to reduce risk in its investment portfolio

Spain: Political standstill halts reform

September 2016 (Magazine)By

The Spanish pension system needs significant adjustment to ensure its sustainability, but politics has got in the way

Almudena Cathedral, Madrid, Spain

Spanish roundup: Social Security Reserve Fund, Vidacaixa, Barclays

Wed, 6 Jul 2016By

Government transfers largest-ever amount from country’s reserve fund

Spain fountain

Equity holdings drive 5% return at Spanish pension fund Geroa

Thu, 23 Jun 2016By

Scheme reports 6.5% average annual return since inception in 1996

Almudena Cathedral, Madrid, Spain

European equities drag down Spanish pension funds' Q1 returns

Thu, 5 May 2016By

Corporate schemes increase allocations to non-EU fixed income assets

Almudena Cathedral, Madrid, Spain

Lancashire Pension Fund buys into Spanish gas distributor

Tue, 12 Apr 2016By

LGPS acquire 12.5% stake in Madrileña Red de Gas

Barcelona

Pensions Caixa 30 returns 3.1% on back of equity performance

Fri, 11 Mar 2016By

Alternatives suffer from poor performance of commodities

European Commission building

Pension industry, EU governments warn over 'inferior' FTT proposals

Fri, 19 Feb 2016By

Inferior design of FTT, impact on market liquidity criticised by industry

Barcelona

Spanish pension funds return nearly 3% over 2015

Mon, 1 Feb 2016By

Total assets under management grow by 0.8% to €35.5bn

Almudena Cathedral, Madrid, Spain

PGGM enters €2.3bn risk-sharing deal with Banco Santander

Mon, 11 Jan 2016By

Asset manager expects ‘stable, robust’ return in SME loan deal

All Latest Spain News

Portugal: The Italian play

October 2017 (Magazine)By

Portuguese pension funds are continuing to invest in Italian debt despite the fears for Italy’s banking sector

All Pensions in Spain and Portugal

  • Letter From Brussels: Pension rights for posted workers

    Discussions over the payment of social costs, including pension rights, for a large cohort of employees from central and eastern European countries posted temporarily to work in wealthier EU countries are playing a major role in the attempt to update the existing Posting of Workers Directives

  • Letter from Brussels: Tax threatens PEPP proposal

    At first sight, the benefits of the European Commission’s Pan European Personal Pension (PEPP) regulation proposal seem clear. But it did not take long for commentators to point out the considerable hurdles

  • Letter from Brussels: Reboot for Capital Markets Union

    The European Commission’s “further steps to drive forward the Capital Markets Union (CMU)” outline nine new priority legislative actions to solve the EU’s long-term cross-border investment challenge

  • Letter from Brussels: EU seeks to avert Brexit arbitrage

    Strong words on Brexit are flying in political circles. But behind the theatre, concerns about the future of London’s fund management sector are emerging

  • Letter from Brussels: A warm reception for PEPP

    In contrast to complaints that Brussels’s legislation burdens the financial sector, the European Commission may be gratified by the positive response to its flagship Capital Markets Union (CMU) programme. 

  • Letter from Brussels: Brexit and equivalence

    Nothing could be clearer. For the financial sector, at least, there is nothing to fear from Brexit. All the UK has to do is to apply to the EU’s rules – the crucial term ‘equivalence’

  • Letter from Brussels: Resaver’s first stage kicks off

    The European Commission’s project to set up a pension scheme for research and development professionals whose careers take them across EU borders has finally reached its first stages of operation.

  • Letter from Brussels: Unclear on clearance

    The prolongation for 18 months of pension funds’ exemption from posting collateral when trading over-the-counter (OTC) derivatives is leading PensionsEurope to seek clarification. 

  • Letter from Brussels: EU focus on tax tricks

    There is increasing attention in Brussels on company reporting, taxation and offshore financial centres. The G20 and some OECD countries have demanded country-by-country reporting rules for multinational companies with a turnover over €750m

  • Letter from Brussels: Pan-EU private schemes for 2017?

    Legislation proposing pan-EU personal pension products (PEPPs) could be tabled in 2017, according to the European Commission

  • Letter from Brussels: A vision for cross-border workers

    A former director of the European Association of Paritarian Institutions (AEIP) has proposed a new option for occupational pensions that could help the large number of workers whose careers take them across EU internal borders.

  • Letter from Brussels: Weighty in-tray for new CMU commissioner

    Valdis Dombrovskis has assumed responsibility as commissioner in charge of the flagship Capital Markets Union project. But he has also assumed the added complication of the withdrawal of the UK

  • Letter from Brussels: Posted worker woes

    It will not be the first time that proposed revisions to EU rules affecting finance and pensions get stuck in a logjam between interests groups

  • Letter from Brussels: Tax targeting continues

    Pressure to clean up the financial sector has led to copious legislation from Brussels. 

  • Letter from Brussels: Ethical pressures mount

    There are plenty of indicators of rising pressure to advance ethical standards across the financial sector. One outcome takes the form of mountains of clean-up legislation, including from Brussels. 

  • Letter from Brussels: Beefing up the CMU

    Inadequacy of European national court systems in the financial sphere is due for overhaul. Upgrade is necessary if the EU’s capital markets union programme (CMU) is going to get anywhere, according to a high-status paper

  • Letter from Brussels: Race to upgrade EFSI

    Legislative moves to support the EU’s European Fund for Strategic Investments (EFSI) are being rushed through Brussels. But, so far, evidence of any torrent of fund movement by the institutional investment sector across EU frontiers has yet to emerge.

  • Letter from Brussels: A simmering conflict

    Conflict continues to simmer over the issue of passport rights for non-EU-domiciled hedge funds across the EU

  • Letter from Brussels: A lawyer’s feast

    It is a case of tackling one challenge after another in the Capital Markets Union (CMU). According to the European Commission, the present morass of different national insolvency rules creates a barrier to the flow of capital across the EU. 

  • Letter from Brussels: Cross-border challenge for IORP II

    IORP II may have cleared the European Parliament’s committee stage but amendments tabled to the second directive covering occupational pensions since 2003 are so radical that it would be unwise to forecast its future.

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