Pensions in Italy Report – Page 5

  • 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: 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: COVIP weathers the storms of Italian politics

    July 2013 (Magazine)

    Covip annual statement: In 2013 membership of private pension schemes increases, albeit slowly, at 5.3% adding 290,000 more members to the total 5.8m. Funds have grown between 8% and 9% in 2012, compared to 2.9% growth of the trattamento di fine rapporto.

  • Country Report

    Italy: Three sparks needed to ignite the Italian pensions market

    July 2013 (Magazine)

    State Street Global Advisor (SSGA) is one of the leading Italian institutional asset managers, managing €10bn of domestic institutional investors’ funds as of June 2013. It holds 13 mandates from closed pension schemes such as Cometa and Fonchim and 15 mandates from casse di previdenza, a sector where the Milan-based asset manager is the undisputed leader, giving the firm a broad view of the Italian institutional investment market. Marco Fusco, SSGA’s head of southern Europe outlined the three sparks he believes are needed to ignite the Italian market.

  • Country Report

    Italy: Still waiting

    July 2013 (Magazine)

    Nina Roehrbein notes potential interest in emerging markets and declining exposure to domestic government debt among Italy’s occupational pension funds