IPE's Italy Coverage – Page 5
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NewsItaly’s complementary pension schemes record 8% contribution growth in H1
The number of members signing up for complementary pensions at the end of June 2024 grew by 2.3% to 10.9 million
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NewsItaly’s pension funds association expects to raise €500-600m for FoFs with EIF
Assofondipensione plans to set up FoFs for infrastructure, private equity, private debt, and possibly venture capital, with European Investment Fund
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NewsItalian vets scheme picks bfinance to design sustainable investment policy
Enpav’s investment strategy has so far lacked the integration of ESG criteria
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NewsPrevindai picks Mercer to review sub-funds’ strategies
The scheme could also consider setting up a new sub-fund, investing with a cautious approach, and a life-cycle option
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NewsInarcassa reshuffles global government bond portfolio
The scheme invests €2bn in government bonds, mainly in Italian fixed income
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NewsIntesa Sanpaolo DC scheme swaps Japan and EM equity funds
The scheme made the replacements due to the funds underperforming the set benchmark
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NewsMonte dei Paschi scheme to make further investment in private markets
The pension fund has issued a tender for infrastructure, private debt and private equity
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NewsIntesa Sanpaolo DB fund picks managers for equities, bonds
Several mandates were re-tendered, with Eurizon Capital picked for bonds, Schroders for global equity, Azimut for European equity, and Pictet for US equity.
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Opinion PiecesItaly needs a serious debate about pensions
Italian policymakers are bent on indulging the relatively small but influential minority of Italians that is nearing retirement, but lament that the statutory retirement age of 67 is too high. The reform efforts of past years have been towards reducing the retirement age or increasing flexibility in retirement. The resources employed towards supporting second-pillar pensions have been next to none.
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NewsCassa Forense urges tax cuts to boost domestic investments
A ‘reward’ in the form of a lower levy should come from parliament and government for pension funds managing assets invested in Italy, says scheme’s president
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NewsItaly’s pension regulator recommends tweaks to complementary pension system
COVIP is calling for adjustments to the complementary pension system to attract potential new members
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NewsReal economy investment opportunity ‘remains large’ for pension funds, says COVIP
There is increasing interest by Italian schemes to invest in the country’s real economy, as they expand their investment strategies through partnerships
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NewsFondo Espero rejigs mandates to classify sub-funds under SFDR article 8
The scheme has screened its portfolios through a ‘Portfolio ESG Assessment’
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NewsLaborfonds invests €80m adding four alternative investment funds
The scheme’s ‘Linea Bilanciata’ sub-fund returned 6.57% net on assets invested
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NewsAsset management association pushes for PE institutional vehicles
Increasing the number of private equity vehicles for pension funds seen as necessary step to channel members’ savings towards private assets, says Assogestioni
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NewsItalian scheme hands over Credit Suisse AM’s mandate to Pictet, Fidelity
Credit Suisse’s portfolio was worth €179m at the end of 2023
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NewsFondo Espero to review investment strategy to set up new sub-fund, life cycle option
Strategic realignment comes after introduction of silent-consent rule to tacitly join the scheme
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NewsDivestment rules for long-term savings plans lead to ‘operational complexity’
Inarcassa asked the tax authority in Italy, the Revenue Agency (Agenzia delle Entrate), to clarify rules on capital repayments made by closed AIFs
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NewsFondo Gomma Plastica to create equity mandate investing in Italy
The scheme is working on the equity mandate with other pension funds joining as part of a consortium
