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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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Italian pension schemes with higher equity exposure outperform, says COVIP
Laborfonds, Fondaereo, and Fopen’s equity sub-funds recorded higher returns in 2023 than peers investing in other asset classes
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AUM of Italy’s first pillar schemes shoots up by 10%
Over the last 10 years, the AUM volume of Italian pension schemes has grown by €48.4bn, according to Covip
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Italian pension funds lean towards domestic investments, says COVIP
Many pension funds are also expanding their investment strategies in private equity and private debt, according to the pensions regulator
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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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Inarcassa’s new strategy sees cuts to equity in favour of bonds, infrastructure
Assets under management for first-pillar pension schemes, according to pension regulator Covip
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COVIP: The glass is half full
Despite its several ailments, the health of the Italian pension industry keeps improving
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Intesa Sanpaolo, Cariplo pension funds merge to create €12bn scheme
The integration will take place through a ‘collective transfer’ of members and accrued savings
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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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Italy’s Covip expects drop in contributions due to pandemic response
Padula calls for stronger fiscal incentives in order to encourage workers to restart contributing after the crisis
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COVIP: Plenty more work to do
Italy’s second-pillar pension system is growing and strengthening, but several areas of concerns remain
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Fondenergia picks UBS AM to invest sub-funds assets
Credit Suisse Italy is replaced by UBS AM in Garantito’ sub-fund and government bonds (excl euro) in its ‘Bilanciato’ sub-fund
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Slow growth for Italy's second-pillar pensions
Despite the urgency of increasing second-pillar coverage, policymakers continue to focus reform efforts on public pensions
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Italian pension schemes continue to trim bond investments
COVIP report shows investments in government bonds decreased from 37.3% to 35.5%
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Italian pension funds see number of members increase in Q3
Industry-wide pension funds added 188,000 members so far this year, compared with the end of 2022, a 4.9% increase, for a total of almost 4 million members
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Italian 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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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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Italian 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
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Italy’s plan to divert severance payments to pension funds stirs up concerns
It is essential to understand the impact of the measure because a mandatory option is being introduced in a system based on voluntary access, says Assofondipensione
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Italy: Government plans to draw in capital for domestic investment
The right-wing government is moving forward with plans to create a €1bn fund, amid criticism and lukewarm investor support