Italy

ITALY - Supplementary Italian pension funds registered positive returns for the first half, reported COVIP the Italian pensions supervisory body.

ITALY - Marco Fusco has been appointed head of business development for the institutional business of ING Asset Management Italy, following the departure earlier this month of Carlo Benetti, former head of institutional clients, to join Julius Baer Italy,...

ITALY - The Italian reform law that was planned for this summer is now struggling to be ready by the end of the year, writes Robert Galbraith.

ITALY - As the fortieth contractual pension is launched in Italy, money managers are looking forward to an increasing number of mandates as new funds outsource assets and existing ones become multi-investment strategy vehicles.

ITALY - The Italian government said it will not propose penalties for workers opting for early retirement, writes the Financial Times.

ITALY - Paris-headquartered Lyxor Asset Management is to list an exchange traded fund (ETF) on the Borsa Italiana - the market's first ETF based on an Italian index.

ITALY - Exclusive: Italy can expect national strikes similar to those which crippled France should Italian Prime Minister Silvio Berlusconi "insist" on controversial proposals to raise the retirement age.

ITALY - The Confederation of Italian Workers (Cgil) has reacted angrily to proposed state pension changes as it believes the pensions of newcomers to the system are being seriously degraded.

ITALY - Fondenergia, the Italian supplementary pension fund for the energy industry, has appointed seven managers which will manage the fund's e220m once its restructuring process is completed.

ITALY - Fondoposte, a supplementary pension fund for non-executive employees of Poste Italiane and its subsidiaries has been authorised by COVIP, the Italian pension fund regulator.