Vincere la sfida del TFR
La riforma del sistema pensionistico italiano è destinata a indurre nei fornitori di prodotti di risparmio nuove esigenze di copertura di tipo liability-driven. E sono le banche di investimento che si apprestano a beneficiare della collegata manna nel settore delle coperture legate al TFR. John Ferry
Dall'inizio degli anni '90, il sistema pensionistico italiano vive una condizione di continua riforma. Tuttavia, alcuni recenti cambiamenti, che consentono ai dipendenti di trasferire a fondi pensione indipendenti i contributi obbligatori trattenuti in passato dai datori di lavoro, potrebbero offrire alla banche di investimento l'opportunità di proporre agli istituti italiani una nuova generazione di soluzioni di copertura.
I primi segnali di queste nuove opportunità si sono manifestati nel 2004
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