But in which to invest? Open or closed-end funds? Pension funds closed they are tied to the collective bargaining agreement, and each sector has its fund. In order to have the employer contribution, an employee, if he joins it, must subscribe to that of his sector. Precisely for this reason they are also called category funds. Pension funds open instead they are intended for everyone: employees and self-employed workers. So open funds, because everyone can invest in them.
An independent consulting firm has just published the ranking of open pension funds. It shows how some products are particularly good, compared to others, and how many (not all) perform better, obviously, in the long term. First, let’s specify something, though.
The ranking of the best Italian open pension funds: your future is here
Why it was appropriate to choose a pension fund, we said it at the beginning. How much you have to allocate yourself monthly is a choice you have to make, possibly together with your investment advisor. What to choose, too. Because it’s true that performance says a lot about a pension fund, but that’s not all. Once again, your consultant will help you and enlighten you.
We only allow ourselves to tell you that, all in all, the best products are those of Allianz (MIL: ALV) and Crédit Agricole. Not surprisingly, it is painful to say, two non-Italian institutions.