IPE's Italy Coverage – Page 4
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NewsIntesa 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 PiecesItaly 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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NewsCassa 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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NewsItaly’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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NewsReal 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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NewsFondo 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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NewsLaborfonds invests €80m adding four alternative investment funds
The scheme’s ‘Linea Bilanciata’ sub-fund returned 6.57% net on assets invested
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NewsAsset management association pushes for PE institutional vehicles
Increasing the number of private equity vehicles for pension funds seen as necessary step to channel members’ savings towards private assets, says Assogestioni
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NewsItalian scheme hands over Credit Suisse AM’s mandate to Pictet, Fidelity
Credit Suisse’s portfolio was worth €179m at the end of 2023
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NewsFondo Espero to review investment strategy to set up new sub-fund, life cycle option
Strategic realignment comes after introduction of silent-consent rule to tacitly join the scheme
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NewsDivestment rules for long-term savings plans lead to ‘operational complexity’
Inarcassa asked the tax authority in Italy, the Revenue Agency (Agenzia delle Entrate), to clarify rules on capital repayments made by closed AIFs
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NewsFondo Gomma Plastica to create equity mandate investing in Italy
The scheme is working on the equity mandate with other pension funds joining as part of a consortium
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NewsItalian schemes explore investment opportunities with European Investment Fund
Pension funds Arco, Concreto, Fondo Pensione Byblos and Fon.Te plan to boost investments in Europe
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NewsCassa Forense boosts total assets to €17.63bn
The pension fund for lawyers in Italy tightened the grip on costs as the number of members decreased by 1.3% year-on-year in 2023
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NewsEnpam shifts to macro portfolio strategies in new LDI approach
Italy’s largest pension scheme is splitting its assets into two macro portfolios
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NewsItalian schemes bolster ESG standards in private equity allocations
Research shows that 57% of Italian institutional investors directly buy private equity products in line with ESG criteria
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NewsCassa Forense seeks asset managers for investment vehicles worth €4bn
The lawyers scheme is creating the two vehicles to streamline investments and administration of its assets
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NewsItalian pension funds face competition on private assets investments
Current rules and lack of political support can hinder pension funds’ plans to increase private markets commitments
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NewsItalian pension schemes reap benefits of banks’ equity investments
The Bank of Italy has distributed dividends to shareholders, including pension funds, for a total amount of €340m
