Natixis Global AM: Italians not saving properly for retirement
Eighty-five percent of institutional investors in Italy believe that Italians will not have enough financial resources to maintain good standards of living after retirement.
Natixis Global Asset Management (NGAM) has conducted an international survey to check the level of retirement savings across Europe, including 40 Italian institutional investors.
Due to the financial crisis of recent years, the state of national welfare and the survival of traditional investment methodologies, Italian rates of savings do not seem to meet the standards required by future liabilities, the NGAM survey shows.
International institutional investors have pointed to more innovative types of savings that allow the growth of long-term capital and better incorporate portfolio risk management.
For this reason, 60% of the Italian investors interviewed said they have introduced active and passive management techniques within their portfolios, as opposed to 46% of all international investors.
Antonio Bottillo, NGAM CEO for Italy, said: “The 60% figure highlights that Italian investors increasingly need to help their clients meet longer-term objectives.”