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.
ITALY - The European Commission has once again put pressure on Italy to equalise the pension age of men and women, asking the country to move up its plans to have employees retiring at the same age by six years to 2012.
EUROPE/ITALY - The European Commission has issued a new request for Italy to move swiftly to equalise the retirement age for men and women.
As Italy has largely ignored transition management, Giovanni Legorano looks at the reasons for this and asks if this is set to change in the near future
ITALY - The €5.2bn (US$6.4bn) Fondo Cometa has hired nine managers and completed the renewal of mandates for its Monetario Plus, Reddito and Crescita sub-funds due to expire this year.
ITALY - State Street Corp. has completed its €1.28bn (US$1.6bn) cash purchase of Intesa Sanpaolo's Securities Services business (ISPSS), including the firm's custody and fund administration units.
ITALY - The speaker for Italian members of Parliament Gianfranco Fini has called for the creation of a pension safety net for corporate and multiemployer schemes to encourage membership into second pillar pensions.
ITALY - The financial crisis has shown the relative strength of the country's second pillar pension system in comparison with other forms of savings, Schroders' head of distribution for Italy Luca Tenani has said.
ITALY - Italian pension fund service provider PensPlan Centrum posted a 13% profit for 2009 on the back of equity gains.
ITALY - A reform of the Italian pension system including auto-enrolment into a mandatory defined contribution fund should be considered in the near future to push Italians to save more for retirement, industry figures said.
ITALY - Italian schemes are increasingly reviewing their asset allocation and looking to offer lifestyling arrangements to their members in the wake of the losses incurred during the crisis, Towers Watson managing consultant for Italy Fabio Carniol said....
ITALY ¬- Italian pension funds have been increasingly looking at fiduciary management solutions in the first quarter of this year, BlackRock head of Italian institutional business Alberto Salato said.
ITALY - Fondo Cometa has awarded two separate investment mandates for an overall value of €620m (US$836.7m) to Unipol Gruppo Finanziario (UGF) and Cattolica Assicurazioni (CA).
ITALY - Italy's largest pension fund Fondo Cometa has appointed BNP Paribas as its new custodian for its €5bn (US$6.8bn) portfolio.
SWITZERLAND/ITALY/UK - Swisscanto is planning a move into the Italian pension market after a recent expansion into the UK, a company official said.