Latest news and analysis of pensions, asset management, regulation and trends in Italy from our award-winning journalists.
The pension scheme has also reorganised its investment sub-funds, reducing them from four to three
Industry-wide pension funds added 188,000 members so far this year, compared with the end of 2022, a 4.9% increase, for a total of almost 4 million members
The pension fund will invest €135m in infrastructure, real estate and private debt AIFs
Italian second-pillar occupational pension funds continue on their path to diversification. Owing to the higher yields on offer in traditional fixed income markets, allocations to private markets may slow down temporarily, but funds have made long-term strategic commitments. A variety of industry initiatives is facilitating investment in private equity, private debt and infrastructure. Meanwhile, some pension funds are consolidating their private markets portfolios.
The index takes into account key aspects including asset managers’ governance, corporate culture, and their commitment towards sustainability goals
The government has this week introduced the budget law to the Senate to start the approval process
Assets under management for first-pillar pension schemes, according to pension regulator Covip
The scheme plans to select three managers for an active bond aggregate strategy and one manager for two semi-active multi-asset type briefs
Think tank predicts that Italy’s Enel will miss its targets because of government policy
The next strategic asset allocation could lead to wiping out liquid alternative investments from the scheme’s portfolio
CIDA has filed seven lawsuits for a law blocking full adjustment of pensions to inflation
Asset manager Neuberger Berman will invest in buyout and growth strategies, and mainly in companies operating in Italy
CGIL, UIL, and CISL believe it is unacceptable to finance a private association to promote supplementary pensions
Giorgia Meloni’s right-wing government wants to lower retirement age and secure retirement income for young workers, but it faces an uphill battle against inflation
The government intends to reform its tax system to cut the burden on companies employing women with children and large families
The fund for alternative investments Effepilux Sif-Sicav fund will become a real estate Alternative Investment Fund (AIF)
Pension schemes recorded overall positive returns in the first six months of 2023, but results were up particularly for those with higher exposure to equity investment
Plus: Women are still underrepresented in first pillar schemes, says Adepp
To some, the death of Silvio Berlusconi on 12 June this year, is the end of an era for Italian politics. Berlusconi was the longest-serving prime minister in the history of the republic and a highly controversial figure, at home and abroad. He can be described as the first modern European populist leader.
Pension schemes have been waiting for an upgrade to their investment rules since 2011
Many pension funds are also expanding their investment strategies in private equity and private debt, according to the pensions regulator
The funds will amount to €700m this year and a further €300m in 2024
Plus: Eurofer pushes on with direct investments
The draft bill, called ‘Made In Italy’, will be tabled by the minister of enterprise and Made in Italy Adolfo Urso in an upcoming government meeting