Italy: Focus on flexibility
Lawmakers in Italy are increasing flexibility of access to pensions to soften the impact of the rising retirement age and boost savings
Italy roundup: Industry schemes back direct lending fund
Byblos, Alifond, Prevedi, Fondo Pensione Quadri e Capi Fiat, INPGI
Italy: Offering an alternative
Italian pension fund portfolios tend to be less diversified and domestically focused than other European institutional investors. This looks set to change with a turn towards alternatives
ESG makes headway
ESG strategies are becoming more common among Italian pension funds
A pension system renaissance
Italy’s pension system is heading in the right direction
Regulation: Focus on access and tax
Regulatory activity continues, with an emphasis on flexible access to savings and tax advantages
Case Study: Pegaso diversifies
As Pegaso reviews its asset allocation, increased diversification and alternative investments are key topics of discussion
COVIP: Plenty more work to do
Italy’s second-pillar pension system is growing and strengthening, but several areas of concerns remain
Governance: a work in progress
A recent episode involving major Italian pension funds shows how pension fund governance in Italy is still under the spotlight
Bail-in regulations: Questions on rules
First-pillar pension funds for white-collar workers are being treated differently when it comes to protection from bank insolvency
IPE 360: Financial literacy can lower political cost of pension reform
Ex-Italian labour minister says financial literacy is key to successful pension reform
Italy: The EU’s next existential threat?
Italy’s political system has shifted since the early 1990s from one based on traditional parties to an emphasis on personality-based politics
Mandate roundup: NEST makes 'strategic' high yield bond move
Also: Italy’s Fondo Pensione PRIAMO hires BNP Paribas for custody services
ESG integration helps returns, volatility: State Street survey
80% of institutional investors were satisfied or very satisfied with returns from ESG-tilted allocations
Trio of Italian pension funds in €1.8bn merger
New fund will be country’s fifth largest by membership
Aon Hewitt Netherlands to refocus on fiduciary management
Consultancy is also weighing up options for its administration business
Mandate roundup: Foncer, Epap, Enpapi, PKH, Nottinghamshire
Italian pension funds have issued searches for balanced and fixed income managers
Auto-enrolment helps increase Italian pension membership
Regulator Covip reveals double-digit growth in assets for some forms of provision
Resaver to receive first payments in March [amended]
Cross-border plan for researchers gets supervisory approval and EU funding
Italian regulators to scrutinise Intesa interest in Generali
Banking group Intesa and insurer Generali have fund management arms running a total of €700bn
Italy: Offering an alternative
Italian pension fund portfolios tend to be less diversified and domestically focused than other European institutional investors. This looks set to change with a turn towards alternatives
ESG makes headway
ESG strategies are becoming more common among Italian pension funds
Regulation: Focus on access and tax
Regulatory activity continues, with an emphasis on flexible access to savings and tax advantages
Case Study: Pegaso diversifies
As Pegaso reviews its asset allocation, increased diversification and alternative investments are key topics of discussion
COVIP: Plenty more work to do
Italy’s second-pillar pension system is growing and strengthening, but several areas of concerns remain
Brexit threat to international accounting standards convergence
Aviva, Legal & General and Prudential urge government to keep local rules in place after Brexit
Accounting roundup: Reporting reforms and post-Brexit rules
IASB proposes new financial performance measure; ICAEW calls for maintainance of accounting standards
IASB orders more research into controversial accounting rule changes
UK DB funds could dodge controversial rules by renegotiating scheme rules, say consultants
No DC sugar rush
There is a strong risk that Germany’s pensions reform becomes neither a stunning success nor a stunning failure, but just adds to the complexity of German workplace pensions
A time for strong nerves
It is understandable that investors are nervous. Not only are valuations stretched in many markets but there seems to be a significant threat of military conflict
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