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
The British Medical Association (BMA) has warned chancellor Philip Hammond to reform the NHS pension scheme rules or doctors will reduce their working hours.
The lifetime allowance should be scrapped and replaced with a lower annual allowance, last week's Pensions Buzz respondents said.
Action for Children Pension Fund has outsourced its pensions administration to Trafalgar House.