Bank of Italy governor highlights key to reform success

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ITALY - Bank of Italy governor Mario Draghi claimed more information on future performance of complementary pensions is needed to encourage workers to transfer their termination indemnity payment (Trattamento Fine Rapporto - TFR) to pension funds.

Speaking in parliament, Draghi highlighted the issues needing attention before the pensions reform is introduced in 2008. He said the complementary pensions sector in Italy was still inferior wh...

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