Italy's pension funds avoid scandals but struggle to rally

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ITALY - Progress in Italy´s private pension fund market is still slow despite having escaped relatively unscathed from turbulent investment markets and a series of domestic corporate scandals, according to a recently published report.

Lucio Francario (pictured), chairman of Italy´s pension fund regulator COVIP said that the scandals have had almost no impact on performance. The collapse of the dairy group Parmalat and corpora...

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