Pensions in Italy Report – Page 5

  • Country Report

    Italy: Compulsory membership and education are key to improving pension system

    July 2013 (Magazine)

    Francesco Vallacqua is a research fellow of Center for Applied Research and Finance (CAREFIN) at Bocconi University of Milan. He has held positions as a consultant to governmental institutions and pension schemes, such as at Cometa, the fund for mechanical engineering industry workers, and is currently a board member of Espero, the teaching professionals’ fund.

  • Country Report

    Italy: The recovery starts at home for Cometa as it seeks to stabilise its membership

    July 2013 (Magazine)

    At Cometa, the €7.3bn scheme for workers employed by the metal and mechanical engineering industries, the membership issue is more urgent. The scheme has about 427,000 members, less than half the one million potential members in the sector. The figure is unlikely to rise significantly in 2013 because of the condition of the sector, where factories are closing or laying off workers. So the scheme is focusing on keeping its current members.

  • Country Report

    Italy: Economic reality bites hard

    July 2013 (Magazine)

    Job losses and a tough economic environment are forcing pension funds Fonchim and Cometa to review and restructure their investment objectives, writes Carlo Svaluto Moreolo In testing times for the Italian job market, two of the country’s largest pension schemes, Fonchim and Cometa, are gradually adjusting their investment strategies to ...

  • Country Report

    Italy: ENPAM gets back into gear

    July 2013 (Magazine)

    Embroiled in a scandal in 2011, has ENPAM now turned the corner? Carlo Svaluto Moreolo reports The ENPAM pension fund for medical professionals published its balance sheet in May, reassuring members that the dark days of the past are finally over. In 2012 the fund recorded a €1.3bn budget surplus ...

  • Country Report

    Italy: Mangusta Risk advocates pension funds spend more time on passive portfolios

    July 2013 (Magazine)

    Any adviser, large or small, would have seen an opportunity when the Italian pension market opened up less than 20 years ago, with the establishment of many new medium and large-sized pension schemes.