The research “The Re-Evolution of Pensions: Report on the State of the Art of Italian pensions“, conducted in collaboration with Prometeia and for which they were interviewed 1.367 individuals (aged between 18 e 74 years), aims to understand the investment and protection needs of Italian families, the demand for savings products and their level of understanding of the social security system. For the majority of those interviewed, costs represent the main obstacle to the use of supplementary pension funds, although the fees of supplementary pension funds are less than a quarter of those of mutual funds and other private pension products.
As he points out Antonio Iaquinta, head of institutional business in Italia di State Street Global Advisors, the research is a clear invitation to the next government to do more.

“The message is clear: in Italy a greater commitment, promoted by the Government, to inform and educate the population about the advantages of investing in supplementary pension funds. Communications with workers must be simple, engaging and designed to help them take action. This is possible through the use of information materials that help workers understand pensions and facilitate the decision-making process. We believe that a promotional campaign organized by the Government could be an effective way of educating workers about supplementary pension funds and dispelling myths on the topic. This could also be useful in restoring workers' confidence in pensions. Furthermore, i pension funds should regularly review the asset allocation of their entry funds. At the moment, a significant portion of these sectors is predominantly invested in government bonds, which have not generated high returns in recent years and are unlikely to generate them in the short term. It is therefore important that pension funds diversify their allocations to improve risk-adjusted returns for their members.".