UGF Assicurazioni to manage the 'Safety Subfund' of the COMETA pension fund - The mandate will last ten years - Unipol Gruppo SI continues to be a major player in supplementary pension schemes
Tuesday, March 23, 2010
Renewing asset management mandates, the Board of Directors of the Cometa Pension Fund has voted to entrust the management of two thirds of the assets in its guaranteed subfund (Safety Subfund) to UGF ASSICURAZIONI.
UGF Assicurazioni, which has been one of the managers of the Safety Subfund for the last five years, will thus continue in this role for the next ten years, until 2020.
The Cometa Pension Fund, which has been operational since 2000, is the largest pension fund in Italy according to size, number of members and amount of assets under management and is one of the largest in Europe. It is the pension fund for employees in the metal and mechanical industry and has almost500,000 members.