IPE's Italy Coverage
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News
Scheme of Italian car maker rejigs investment strategy
Fondo Pensione Quadri e Capi FIAT has adopted new benchmarks for its investments in equities and bonds
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Special Report
Italy: Policymakers focus on first pillar
Despite recent growth, second-pillar pensions have never been a priority for the Italian government
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News
Italian party proposes channelling severance pay to pension funds
Italian unions agree it is necessary to invest more in complementary pensions, but this approach might not benefit everyone
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News
Crédit Agricole scheme merges with Credito Valtellinese bank’s pension fund
The merger of the two schemes pushed Fondo CAI’s total assets to €1.09bn
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News
Fondaereo picks Ireland to set up cross-border scheme
The plan to become a cross-border scheme runs in parallel with a review of the scheme’s investment policies for its new sub-funds ‘Equilibrio’ and ‘Crescita’
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News
Fondo Mario Negri avails itself of SFDR ‘principal adverse impact’ opt-out
Italian pension fund cites data accessibility and regulatory uncertainty as the main reasons
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News
Fonchim reviews sub-fund’s strategy picking UnipolSai as new manager
UnipolSai Assicurazioni will manage a €285.94m portfolio, replacing Amundi
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News
Italy’s Foncer reviews investment strategy to bolster private asset allocation
Foncer has reviewed the limit for investments in its Bilanciato sub-fund, that invests in private assets
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News
Assofondipensione works on bond yield guarantee for fund of funds
The FoFs would have a two-tier structure, with one part of the assets invested in private equity to support the Italian real economy
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News
Italian securities market regulator calls for improvement in ESG transparency
Regulator warns financial intermediaries that information on sustainable investment products has to be ‘increasingly clear, concise and understandable’
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News
Italy’s complementary pension schemes record 8% contribution growth in H1
The number of members signing up for complementary pensions at the end of June 2024 grew by 2.3% to 10.9 million
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News
Italy’s pension funds association expects to raise €500-600m for FoFs with EIF
Assofondipensione plans to set up FoFs for infrastructure, private equity, private debt, and possibly venture capital, with European Investment Fund
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News
Italian vets scheme picks bfinance to design sustainable investment policy
Enpav’s investment strategy has so far lacked the integration of ESG criteria
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News
Previndai picks Mercer to review sub-funds’ strategies
The scheme could also consider setting up a new sub-fund, investing with a cautious approach, and a life-cycle option
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News
Inarcassa reshuffles global government bond portfolio
The scheme invests €2bn in government bonds, mainly in Italian fixed income
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News
Intesa Sanpaolo DC scheme swaps Japan and EM equity funds
The scheme made the replacements due to the funds underperforming the set benchmark
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News
Monte dei Paschi scheme to make further investment in private markets
The pension fund has issued a tender for infrastructure, private debt and private equity
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News
Intesa Sanpaolo DB fund picks managers for equities, bonds
Several mandates were re-tendered, with Eurizon Capital picked for bonds, Schroders for global equity, Azimut for European equity, and Pictet for US equity.
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Opinion Pieces
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.
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News
Cassa Forense urges tax cuts to boost domestic investments
A ‘reward’ in the form of a lower levy should come from parliament and government for pension funds managing assets invested in Italy, says scheme’s president