Covip calls for "modernisation" of pensions investment rules

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ITALY - Italian pensions watchdog Commissione di Vigilanza sui Fondi Pensione (Covip) has called for a "modernisation" of the rules regulating the investments pension funds are allowed to make.

In a speech at the Italian Parliament yesterday, Covip president Antonio Finocchiaro said the rules were "obsolete" and had to be reconsidered. Current rules on pension funds' investment date ba...

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