The investment committee for the newly-created Fondo Famiglia is considering outsourcing the investment of its assets.
The fund, which was created in January, is to follow a balanced approach for the first year but will look towards employing specialist managers over the next two to three years.
The Rome-based fund for housewives and temporary workers has approximately 5000 members.
The decision to develop the fund was taken because the member-categories “were not protected in Italy”, according to Lorenzo Gasparrini, principal member of the fund’s board.
The fund is expecting the results of an internal investment study in May.
By Madhu Kalia
Here it is... The video of all the highlights from last night's UK Pensions Awards.
Here they are...all the pictures from the UK Pensions Awards 2019.
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The trustees of the beleaguered industry-wide Plumbing and Mechanical Services (UK) Industry Pension Scheme have confirmed it will close to accrual in June.