Public Consultation No. 2/2010 - Duty of disclosure and recommendations on government of remuneration policy

The Instituto de Seguros de Portugal submits for a Public Consultation Draft Norm establishing the duty of disclosure on the remuneration policy and a draft circular regarding the content and recommendations on government of remuneration policy, both applicable to insurance companies and pension funds management companies.

The public consultation will run until 19 February.

Amount managed by Pension Funds           grew 7.7% in 2009

On 31 December 2009, the amount under management by pension funds amounted to 21 852 million euros, reflecting an increase of 7.7% over 2008.

The production volume of direct insurance in Portugal amounted to 14,5 bilion euros in 2009

In 2009 the production volume of direct insurance in Portugal amounted to 14.5 billion euros, reflecting a decrease of 5.4% over the figure for 2008.