COVIP issues pension fund directives

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ITALY - The pensions regulator (Commissione di Vigilanza sui Fondi Pensione - COVIP) has issued directives for pension funds to adapt to the reformed welfare system to be introduced in January 2008.

The signing and publication of these directives marked a step forward in the long-awaited pensions reform which was postponed to 2008 by the government led by Silvio Berlusconi. COVIP president ...

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