Portugal

PORTUGAL - Portuguese pension funds posted only a moderate gain over the first quarter, 2002, according to new data from consultants Watson Wyatt.

PORTUGAL - Hewitt Associates and Bacon & Woodrow have teamed up to establish a new Retirement and Financial Management Practice (RFM) in Hewitt's Portugese office.

PORTUGAL - Portugal' s pensions reserve fund may have to abandon its tender plans following the election of a new government.

PORTUGAL - Portugal has less then a week to go before the European Commission follows up the early warning given to the country over its failure to meet budgetary targets, including the reform of its pension system.

PORTUGAL - Portugal' s EUR3.8bn Instituto de Gestao de Fundos de Capitalizacao da Seguranca Social is to press ahead with a search for international fund managers for European equities and bond mandates worth a combined EUR600m.

PORTUGAL - Portugal's pension funds showed a modest Q2 rise, according to a survey by global consultant Watson Wyatt.