Italy: Italian pension funds regulator (Covip) publishes annual report

On May 25th, the Covip presented its annual report on the evolution of supplementary pension schemes and the sector’s development prospects.  The rationalization of pension funds brought their numbers from 582 at the end of 2009 down to 559 at the end of 2010.  however, the extremely slow recovery of the Italian economy with employment stagnating and the prevalence of precarious jobs for young people still hinder the development of supplementary pension funds, and membership remains lower than in other European countries.
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t the end of 2009 down to 559 at the end of 2010. however, the extremely slow recovery of the Italian economy with employment stagnating and the prevalence of precarious jobs for young people still hinder the development of supplementary pension funds, and membership remains lower than in other European countries.

Slow development. With a 4.3% increase compared with 2009 (nearly 380,000 new members) at the end of 2010, 5.3 million of people were affiliated with a supplementary pension fund, i.

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