Pensions in Italy Report – Page 2
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Country ReportItaly: 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 ReportItaly: 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 ReportCountry 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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InterviewsExit 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 ReportESG gains ground
Italian pension funds are increasingly making their investment choices with ESG factors in mind
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Country ReportCountry 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 ReportSecond-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 ReportPrivate 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 ReportItaly: 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 ReportItaly: Funds go private
Italy’s institutional investors have kept their focus on private markets during the COVID-19 crisis
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Country ReportItaly'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 ReportItaly: Ready for the challenge
Italy’s occupational pension funds are primed to deal with the after-effects of the COVID-19 pandemic
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Country ReportInterview: Vincent Chaigneau, Generali Insurance Asset Management
‘We think it is very unlikely that we will witness a v-shaped recovery. The catch-up this summer will be strong, but demand will then be impacted by second-round effects’
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Country ReportESG picks up steam
Italian pension funds have been late starters in embracing ESG principles but they are catching up fast
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Country ReportPrivate equity: Visions of the future
Is Project Iris, a joint effort by Italian pension funds to invest in alternatives, a sign of things to come?
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Country ReportCOVIP: The glass is half full
Despite its several ailments, the health of the Italian pension industry keeps improving
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Country ReportA real alternative to help Italy's economy
A review of think tank Itinerari Previdenziali’s and Borsa Italiana’s recent project on Italian pension funds’ real-economy investments
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Country Report
First pillar: Ahead of the game
Italy’s privatised first-pillar pension funds are modernising their strategies
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Country ReportIORP II: Race to adopt new rules
Putting the new IORP II rules in place will be a challenge for Italian pension funds in areas like risk management
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Country ReportCarlo Cottarelli: “There’s no spending your way out of debt”
Carlo Cottarelli, Italy’s caretaker prime minister during the recent political crisis, explains why the new Italian government should avoid overspending on pensions and other key budget items





