Italian Pension Funds Support Higher Private Markets Allocation
Italian industry-wide pension funds have expressed support for lifting the legal threshold that limits allocations to private markets to 20% of assets under management.
The proposal was recently suggested by Maria Luisa Gota, CEO of Eurizon Capital and president of Assogestioni, who stated that expanding allocations to private markets is necessary to strengthen Italy's second pillar pension system.
Expanding allocations to private markets is one of the key measures needed to strengthen Italy’s second pillar pension system.
Luca Ruggieri, director of Fondo Gomma Plastica, strongly supports the idea, which would help funds avoid pressure to liquidate private assets at a discount.
- Current legal threshold: 20% of assets under management
- Proposed change: increase allocation to private markets
- Supporters: Italian industry-wide pension funds, including Fondo Gomma Plastica
Author's summary: Italian pension funds back higher private markets allocation to strengthen the country's pension system.