Italy

CHINA - The head of the IMF pleaded with China to support the eurozone as she warned the global economy is heading for a "lost decade".

ITALY - BNL/BNP Paribas Employees' Pension Fund has hired State Street Global Advisors to run an €82m ($113m) custom fixed income mandate while the Cariplo Pension Fund renewed a European equity mandate worth $71m.

ITALY - State Street has strengthened its European presence with the opening of two new offices in Milan and Turin, Italy. The move is part of the company's successful integration efforts with Intesa Sanpaolo (ISP) which has a presence in both Italy and...

Raquel Pichardo-Allison reports on a new wave of activism starting to swell in Italy

ITALY - Mercer has strengthened its management team in Italy with four internal appointments.

ITALY - Fondo Previdenziale Pegaso, the pension fund for employees in the Italian utility services, has hired State Street Global Advisors to run a €60m (US$76m) active fixed income mandate.

ITALY - The Italian government has raised the retirement age by three years as part of sweeping austerity measures.

UK/ITALY - The Alitalia Italian Airlines Pension and Assurance Scheme has entered into a pension insurance buy-in with Pension Insurance Corporation with a deficit of more than £22m (US$33.7m).

Italy - Just a quarter of Italian asset managers are prepared for the imminent introduction of new governance rules, research by BC Dexia reveals.

ITALY - The Italian government today will present to parliament an amended law to increase female public servants pension age to 65 by 2012, as required by the European Commission.