Pension Funds: The Rally of scholarships helps

Funds board accelerated in the first nine months of 'year. Enough to have recovered in many cases all the red accumulated in 2008, all thanks to the rally that the bags have accumulated from March onwards. A first estimate of 'development fund board in 2009 was provided by the President of Covip Antonio Finocchiaro. The number one of 'Supervisory Authority funds on board has announced that from January to September 30 funds negotiating increased on average by 7.2%, while open-end funds are revalued by 9% and 12% Pip. For the latter two categories recovery over the darkest year for international finance is only partial, but shows the reactivity of the forms of social security to rebound in financial markets. Initial estimates circulated by Covip are confirmed in the comparison between shares in September 2009 to December 2007, some major fund pension negotiation: in this time Comet (metalworkers) records for its segment income (those with more members ) a rise of '1, 5%, while Fonchim (chemical) increased 1.24% for the sector stability.

Nothing earth-shattering, but it is a sign that the fund board are leaving behind the effects of the financial crisis that had so affected the reliability of these savings instruments in the general public. Less than 5 million private sector employees in 12 decided to have this social security coverage, while civil servants do not have them.

The chairman of Covip announced during a conference that the flow of accessions in 2009 experienced a dramatic downturn after 2008 have a little bubbly: Only Pip sees grow their membership by 16%, while the open climb 2% and negotiations are practically stationary. The reason for this disparity lies in the higher incentives to the sales networks of social security policies: instruments more expensive than open-end funds and even more of negotiation and not always the most profitable or refine it. Finocchiaro also stressed the need to reform the decree 703/96, which regulates investment criteria and limits for funding retirement, beyond the conflicts of interest. It also stressed the urgent need to create a strong collective effort pervidenziale education to enable workers to "become aware of the process of lengthening life expectancy and the 'impact of this condition on the level of income needed for their board.

Here are the values at the end of 2007 some of the funds negotiating more 'important, compared with the values at the end of September 2009.

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