All Pensions in Italy Report articles
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Country Report
Italy: Pension investors raise their sustainability game
Pension funds and other institutions are making greater use of engagement and voting as they pursue their ESG goals
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Country Report
Italy: Pension funds face SFDR test
A significant number of pension funds have classified their portfolios under the EU’s flagship sustainability disclosure regulation
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Country Report
Italy: Casse di Previdenza roll with the punches
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Country Report
Italy: Government plans to draw in capital for domestic investment
The right-wing government is moving forward with plans to create a €1bn fund, amid criticism and lukewarm investor support
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Country Report
Italy: Byblos consolidates private markets portfolio
The industry-wide fund has opted for a single external multi-asset mandate for private equity, private debt and infrastructure
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Country Report
Italy: Private markets allocations at a crossroads
Italian pensions funds are showing renewed interest in fixed income, as investment in private markets slows down – but long-term commitments are still in place
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Country Report
Country report – Pensions in Italy (July/August 2023)
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.
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Country Report
Italy: Struggles of the pension sector
Italian industry-wide pension funds fail to attract new members, with potentially serious long-term consequences
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Country Report
Italy: The greening of the pension industry
Italian pension funds are developing their approaches to sustainable investing, with increasing focus on impact and engagement
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Country Report
Italy: Pension funds adapt to a new regime
Inflation, higher interest rates and geopolitical tensions are leading Italian pension funds to recalibrate their investment strategies
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Country Report
Country Report – Pensions in Italy (July/August 2022)
Italy’s pension industry continues to develop, albeit at a slow pace. Italian pension funds are adapting their strategies to the volatile and uncertain market regime, by purchasing inflation-linked assets and by taking advantage of potentially higher yields on domestic government bonds. However, as our lead article highlights, they are generally staying true to their long-term diversification strategies, which consist of gradually allocating to alternatives including private equity, private debt and infrastructure. Some have bought shares in the Bank of Italy, a private equity-like investment.
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Interviews
Exit interview: Ivonne Forno
Ivonne Forno, former CEO of Laborfonds, reflects on her experience of building one of Italy’s most successful pension institutions
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Country Report
ESG gains ground
Italian pension funds are increasingly making their investment choices with ESG factors in mind
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Country Report
Country Report: Pensions in Italy
Italian pension funds are growing their allocation to illiquid asset classes at an increasing pace, spearheaded by a number of innovative institutional collaborations. In addition, the sector is more and more making investment choices with ESG factors in mind, as we analyse in our latest in-depth on Italy’s pensions. The report examines the impact of COVID-19 on the health of the country’s second-pillar pensions system, and finds why its future growth is dependent on more decisive policymaking.
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Country Report
Second-pillar pensions: The virtuous circle that will not start
Italy’s second-pillar pension system is developing but the industry awaits more decisive policymaking
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Country Report
Private markets: Seeking post-COVID alternatives
Italian pension funds continue to invest in private markets ahead of a potentially promising post-Covid recovery phase
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Country Report
Italy: IORP II in limbo
The EU’s IORP II directive has yet to be fully implemented by Italian pension funds
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Country Report
Italy: Funds go private
Italy’s institutional investors have kept their focus on private markets during the COVID-19 crisis
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Country Report
Italy's recovery: Endless opportunities for pension funds
Italian pension funds are primed to participate in Italy’s post-COVID-19 recovery
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Country Report
Italy: Ready for the challenge
Italy’s occupational pension funds are primed to deal with the after-effects of the COVID-19 pandemic