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20 December 2011

IPE: Pension reform could help Italian schemes to diversify further


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イタリアの年金基金は、議会下院による承認が今週見込まれている改革は、2012年に予定される投資法の改正と共に、地域の制度によるポートフォリオの多様化を助けると予想している。


But they said they planned to wait until after the reforms had come into effect before adjusting their asset allocations. Alessandro Stori, general manager at Fondenergia, said: "The fact the Italian government is seeking to increase by at least four years the minimum legal retirement age in future means the substitution rate would fall significantly. Our aim is to maintain that substitution rate at around 100 per cent. As early as January 2012, we will then analyse the effect of the first-pillar reform on this substitution rate and see what asset allocation strategy can be implemented."

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