Portuguese pension funds see 0.8% Q3 rise

clock •

PORTUGAL- Pension funds posted a median return of 0.8% during the third quarter, or a weighted average return of 1.2%, according to Watson Wyatt. Year to date returns for pension funds has been 3.2% median and 4.9% weighted.

Higher oil prices and their impact on global inflation, interest rates and the pace of economic growth and concens over terrorism combined to depress equity returns in Portuguese pension fund portf...

To continue reading this article...

Join Professional Pensions

Become a Professional Pensions Lite Member today

  • Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
  • Receive important and breaking news stories via our two daily news alerts
  • Hear from industry experts and other forward-thinking leaders

Join now

 

Already a Professional Pensions
member?

Login

More on Portugal

Portugal

Moody's downgrades Portuguese debt to 'junk' status

PORTUGAL - Moody's has downgraded Portuguese debt to 'junk' status on fears it will need a second bail out just months after it received €78bn ($112bn).

Chris Panteli
clock 06 July 2011 •
Portugal

Bailout package includes pension cuts

PORTUGAL - The country's €78bn ($116bn) bailout package will include cuts to higher pension payments, but left many other pension provisions in place.

Raquel Pichardo-Allison
clock 04 May 2011 •
Portugal

Portugal telecom transfer pension fund to state

PORTUGAL - Portugal Telecom has agreed to sign over its pension fund, which has €2.8bn ($3.7bn) in liabilities, to the state.

Jaishree Kalia
clock 06 December 2010 •
Trustpilot