IPE's Italy Coverage – Page 4
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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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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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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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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
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Italy’s pension regulator recommends tweaks to complementary pension system
COVIP is calling for adjustments to the complementary pension system to attract potential new members
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News
Real economy investment opportunity ‘remains large’ for pension funds, says COVIP
There is increasing interest by Italian schemes to invest in the country’s real economy, as they expand their investment strategies through partnerships
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News
Fondo Espero rejigs mandates to classify sub-funds under SFDR article 8
The scheme has screened its portfolios through a ‘Portfolio ESG Assessment’
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News
Laborfonds invests €80m adding four alternative investment funds
The scheme’s ‘Linea Bilanciata’ sub-fund returned 6.57% net on assets invested