IPE's Italy Coverage – Page 12
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NewsInarcassa ups bonds, cuts equities in new strategy
The scheme has also decided to integrate a sustainability element in its latest asset allocation strategy
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NewsItalian private pension schemes see assets grow to €108bn
The asset owners have cut their allocations to government bonds significantly, from 19.7% in 2013 to 13.7% in 2021
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NewsEU Commission rebukes Italian government on early retirement plan
Temporary measures of early retirement schemes would lead to an increase in the deficit of 0.7% of GDP
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NewsItaly roundup: PreviAmbiente sets up new equity sub-fund
Plus: Inarcassa, Enpav expect positive returns in 2023; INPGI picks alternative investments funds
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Opinion PiecesMeloni grapples with Italy’s pension woes
Reforms usually follow general elections, regardless of the political system. Italy is no different. The most generous country in Europe in terms of pension payments, according to the Organisation for Economic Co-operation and Development (OECD), Italy spends the equivalent of 15.6% of GDP on pensions.
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NewsEnpam to record negative results this year due to global turmoil
Doctors’ pension fund set to end the current financial year with losses of €564m
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NewsItalian schemes boost foreign investments
Report by Italian pensions regulator Covip showed Casse di Previdenza have invested €37bn in Italy last year, while investments abroad amounted to €54bn
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Italian government proposes pension cap for early retirement
The measures included in the proposed budget law will be sent to parliament and European Commission for approval by the end of the year
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NewsIn-depth: Italy faces tax cuts pressure on pension investments, reforms
Adepp is in favour not only of reaffirming the autonomy of Casse di Previdenza, but also to improve efficiency of supervision and control mechanisms
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NewsContributions lowest in Sweden, Finland, but highest in Italy, Denmark, study finds
Finnish Centre for Pensions compares totality of contributions in eight European countries
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Cassa Forense to reform pension provision from 2024
Changes to the pension plan are in line with the broader reform of the Italian pension system
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Italy’s Confindustria scraps early retirement plans for pension reform after elections
The association also rejects the idea of an ‘imaginative flat tax’ on personal income tax, says Cofindustria president
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Opinion PiecesItaly’s far-right government won’t bring about great changes
The largely anticipated outcome of the Italian election was a strong mandate for the centre-right coalition. This would hardly be a new scenario, were it not for the fact that this time the chosen leader is Giorgia Meloni of Fratelli d’Italia (Brothers of Italy), a right-wing party with historical links with fascism.
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Inarcassa shifts to corporate bonds with higher ESG rating
This summer the scheme recorded returns of -7% amid increased volatility in financial markets
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InterviewsStrategically speaking interview: Italian, global and poised for growth
In asset management, three years can be a short or a long time, depending on many factors, including market conditions. To some asset management executives, the second half of the 2010s perhaps felt like an endless slog, due to the intense competition for market share and outperformance within the seemingly never-ending bull market. The first two years of the new decade have certainly elapsed more quickly, thanks to the historical significance of the events that have occurred.
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Special Report
Italy: Debate on reform continues ahead of snap election
Plans announced to lower the retirement age and raise public benefits, but there has been little discussion of a greater role for second-pillar pensions
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NewsItalian pension schemes to further increase exposure to alternatives
Majority of industry-wide pension funds (88%) is investing through mandates this year, up from 79% last year
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Italian pension funds warn members against divestments during market volatility
DC funds engage in communication effort after recording negative performances
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NewsFondazione Enasarco to invest €500m in Italian bonds
One of the goals of the new strategy was is to cut real estate and increase exposure to liquid asset classes such as bonds and equities
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NewsItalian industry-wide pension funds return -8.3% in H1
Net assets totaled €63bn in industry-wide pension funds, €27bn in open pension funds and €43.7 in “new” PIPs, says COVIP
