IPE's Spain & Portugal Coverage
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Country ReportSpanish pensions report 2023: funds ride a wave of uncertainty
Diversification remains a key tool in pension fund portfolios
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NewsSpanish pension funds mirror global market surges with 2.3% return to June 2023
Asset allocation figures show that fixed income still dominates portfolios, although in declining proportions, with an average 55.3% allocation at end-June
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NewsPortuguese pension funds return 1.6% for Q2 2023
Global equities had the highest impact on performance over the quarter, with returns close to 6%, according to WTW
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Special ReportCase study: Caja de Ingenieros Gestion - The rise of smart beta
The Spanish pension provider Caja de Ingenieros Gestion serves more than 215,000 members, predominantly from the Spanish engineering sector, using an investment style based on independent analysis, with a bottom-up approach.
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Special ReportPortugal: Social security surplus funds pension boost
The Socialist government aims to reduce pensioner poverty but faces considerable demographic hurdles
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Special ReportSpain: New regulation introduces lifestyling
Government pushes through legislation package before elections last July
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NewsPortuguese pension funds return -11.4% for calendar year 2022
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 contrast, the three months to September 2022 had produced an average -2.9% return, with a -11.3% return for the 12 months to ...
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NewsSpanish pension funds mirror global market falls with 8.8% loss for 2022
Alternative, especially private markets, continue to grow in importance
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NewsSpanish insurer MAPFRE adds SRI approach to all asset managers’ strategies
“The idea is to grow distribution capacity in France and to increase our SRI capabilities,” says MAPFRE’s chief economist for investments
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NewsContributions lowest in Sweden, Finland, but highest in Italy, Denmark, study finds
Finnish Centre for Pensions compares totality of contributions in eight European countries
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Country ReportCountry Report – Pensions in Spain & Portugal (November 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.
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Country ReportSpain: Industry gives a partial thumbs up to pension proposals
Can Spain’s new workplace pension system work well without auto enrolment?
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Country ReportPortugal: Pension funds navigate uncertain times
Schemes are employing defensive measures to protect against portfolio risk
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Special ReportPortugal: Sustainability efforts need to be redoubled
Portugal recognises that past pension reforms mitigated the fiscal effects of an ageing population, but more effort is needed over the coming years
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Special ReportSpain: Second-pillar reforms broaden coverage
Amendments to existing laws and new ones extend access to second-pillar occupational pension funds to more workers
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NewsPortuguese pension funds make -3.8% returns in Q1 2022
Most asset classes experienced a difficult first quarter, with equity portfolios generally falling between 3% and 5%
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NewsSpanish funds get back to reality with 2.8% returns to Q1 2022
In Q1 the best performance within alternatives came from commodities and infrastructure
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NewsSpanish funds continue positive trend with 8.1% returns for 2021
Funds with more sophisticated investment strategies achieved better performance, says Mercer
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NewsPortuguese pension funds return 5.1% for calendar year 2021
The results for Q4 2021 were a combination of very strong equity returns – particularly from US equities – and low, or negative, returns from bonds
