The landscape of supplementary pension provision in Italy
In recent years, supplementary pension provision has taken on an increasingly central role in Italians’ financial planning. With the increase in life expectancy and the uncertainties related to the public pension system, many citizens are realizing the importance of supplementing their pension. According to data provided by Covip, at the end of 2024, the outstanding positions of supplementary pension forms reached 11.1 million, an increase of 4.2% compared to the previous year.
This positive trend is indicative of a growing awareness among Italians regarding the need for supplementary pension provision
.
Returns on supplementary pension forms
Another significant aspect is represented by the returns on the forms of supplementary pension provision. In 2024, returns were positive again, with higher values for managements with greater equity exposure. Negotiating and open-ended funds posted average returns of 10.4%, while PIPs reached an impressive 13%. The balanced lines also showed encouraging results, with average returns between 6.4% and 7%. These data highlight how supplementary pension provision not only offers economic security for the future, but can also generate significant returns
in the long term.
Distribution of memberships and contributions collected
The distribution of pension fund memberships is variable and reflects the different needs of workers. Trading funds increased by 227,300 units, with a total of 4.245 million positions. In particular, the fund aimed at the construction sector registered a significant increase, contributing significantly to overall growth. In 2024, the funds raised 15.7 billion euros, an increase of 7% compared to the previous year. This increase is particularly evident in negotiating funds, which saw a growth of 8.8%. The total resources allocated to benefits reached 243 billion euros, highlighting the growing importance of supplementary pension provision in the Italian economic landscape.
