Italy: Pensions and Investment News and Analysis
A main preoccupation of successive governments has been tweaks to the state pension age in particular the retirement age: political aspirations from both left and rights continually hit the buffers of fiscal reality. The current early retirement system will be phased out by the current government, unless it finds a way to replace it. Italy’s workplace occupational pension system in fact works quite well, with a moderate amount of pension assets relative to the size of the country’s economy, but including an established auto-enrolment component that has been attracting the attention of EU policymakers of late.
Pension Funds in Italy - Country Report
Italy Country Report 2024: How local pensions could support the economy
The Italian pension industry and policymakers are discussing ways to channel more pension investment towards the country’s business sector
TOP ITALIAN PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- Fondazione ENPAM | 26,221,000
- Cassa Nazionale di Prev. e Assist. Forense | 17,855,000
- Previndai-Fondo Pensione | 14,505,681
- Fondo Pensione COMETA | 13,894,503
- Inarcassa | 13,433,000
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Italian investors grapple with ban on controversial weapons investments
Pension regulator COVIP, Bank of Italy, IVASS, and the Ministry of Finance published guidelines but no exclusion list
Enpam targets innovative firms with €190m investment
The Italian pension fund for doctors plans to keep its private markets allocation stable, targeting 12-13% returns in private equity and 7-8% in private debt
CONSOB committee pushes to force Italian schemes to invest in SMEs’ equities
Italian pension funds only invest 1.8% of total assets in equities of domestic companies, according to pensions regulator COVIP
Italy’s fund for journalists records lower returns with new strategy
INPGI’s new strategy for the period 2024-2026 will see cutting its exposure to fixed income from 54% to 48%
Institutional investors play key role in strengthening equity markets, says Consob
Institutional investors tend to shy away from investing in the Italian equity market, according to Italian securities market regulator
TOP MANAGERS: ITALIAN INSTITUTIONAL ASSETS
Company | Assets (€m)
- Generali Investments | 204,903*
- Eurizon Asset Management | 180,054
- Anima Holding | 136,113
- Amundi | 64,824
- AXA Investment Managers | 35,666**
- Allianz Global Investors | 30,498***
- BlackRock | 21,920
- Morgan Stanley Investment Management | 16,747***
- Fondaco | 12,593***
- BNP Paribas Asset Management | 10,717
As at 31.3.24, *29.04.24, **29.12.23, ***31/12/23
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
IPE BEST PENSION FUND IN ITALY AWARD WINNERS
- 2023 - Cassa Nazionale del Notariato | Fondo Pensioni Del Personale Gruppo BNL/BNP Paribas Italia
- 2022 - Fondo Pensione Nazionale BCC/CRA
- 2021 - Fondo Pensione Nazionale BCC/CRA | PrevAer
- 2020 - Fondoposte
- 2019 - Fondo Pensione Laborfonds
Interviews
- Previous
- Next
Italy 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.
Italian investors grapple with ban on controversial weapons investments
Pension regulator COVIP, Bank of Italy, IVASS, and the Ministry of Finance published guidelines but no exclusion list
Enpam targets innovative firms with €190m investment
The Italian pension fund for doctors plans to keep its private markets allocation stable, targeting 12-13% returns in private equity and 7-8% in private debt
CONSOB committee pushes to force Italian schemes to invest in SMEs’ equities
Italian pension funds only invest 1.8% of total assets in equities of domestic companies, according to pensions regulator COVIP
Italy’s fund for journalists records lower returns with new strategy
INPGI’s new strategy for the period 2024-2026 will see cutting its exposure to fixed income from 54% to 48%
Institutional investors play key role in strengthening equity markets, says Consob
Institutional investors tend to shy away from investing in the Italian equity market, according to Italian securities market regulator
Fondaereo selects asset managers as it sets up new sub-funds
The scheme is selecting managers to invest assets worth €265m
Inarcassa re-invests assets in sustainable high yield bonds
The scheme also plans to boost in the next five years its alternative investments by over €900m
Tech stocks, private markets bump up Previmoda’s returns
The scheme’s sub-funds ‘Smeraldo Bilanciato’, ‘Rubino Azionario’ and ‘Garantito’ have seen returns of 6.05%, 8.84% and 4.13%, respectively
Fonchim’s sub-fund records return over 10%
Sub-fund ‘Crescita’ returned 10.32% last year, just above its benchmark of 10.11%, surprisingly facing low volatility during the year
Norway’s SWF puts Fincantieri under scrutiny over working conditions
NBIM takes Polish energy firm Orlen off observation list after press freedom concerns allayed
Copyright © 1997–2025 IPE International Publishers Limited, Registered in England, Reg No. 3233596, VAT No. 685 1784 92. Registered Office: 1 Kentish Buildings, 125 Borough High Street, London SE1 1NP