Previndai – Fondo Pensione
    Via Palermo, 8 – 00184 ROME – ITALY
    Italian TIN code 97074910585
    Italian Register of Pension Funds – I Special Section – Pre-existing Pension Funds no. 1417

    Previndai is the pension fund for managers of industrial companies applying the Italian CCNL per le aziende produttrici di beni e servizi (National Labour Agreement for companies manufacturing consumer goods and services) signed by Confindustria and Federmanager or a different national labour agreement concluded by one of said Parties. In the latter case, the promoting party is also required to have prior consent from the other party, in the form of a specific signed agreement.

    The Fund, managed by the same number of representatives of Confindustria and the managers, offers the utmost flexibility with regard to one’s social security needs and individual preferences.
    The purpose of Previndai is to provide social security and related services, which are supplementary to the ordinary pension benefits provided by law, in the interest of the business managers; and it is a non-profit organization.

    Previndai was established prior to 15 November 1992, and according to Italian Law is referred to as a “pre-existing fund” (Fondo Preesistente), it has legal personality, takes on the form of a recognised association, and operates in compliance with the individual capitalization and defined contributions systems.
    The Fund is subject to surveillance by the Italian Commission for the Supervision on Pension Funds (COVIP – www.covip.it) and is duly listed in the Register of Pension Funds under number 1417. Its registered offices are located in Rome (Via Palermo, 8 – 00184).

    Mission

    Our mission is to provide members and their families with the instruments they need to build additional pension savings, besides those provided for by the Italian government.

    We have been working for more than 25 years in order to ensure a welfare condition that helps people improve their life over time, not only in the event of retirement.

    Building Value

    We commit to create value, because we care about the future of our members, but also of our employees and all the parties we work with: we intend to build long-term relations based on respect, honesty, trust, and on steadfast and durable collaborations.

    Members are the core at the success of our Fund, we aim at exceed their expectations with professional competence and precision. 

    With this mission in mind, thanks to investments in lifelong learning, we built a solid and collaborative team, professionally qualified, avoiding common practices of massive outsourcing of services.

    The best performances

    Thanks to the know-how achieved over the years, we can foresee the expectations of our members and meet their needs, we work with full commitment and responsibility to deliver the best results in all our activities. 

    We aim at offering solutions with the highest levels of innovation to face any emerging problem for our members: we address your problems before you have to tackle them!

    Figures show great volumes under management, but our aim is still to keep numbers tailor made on your figure.  

    Our History

    1990

    January 1
    Date of inception of the agreement concluded among Confindustria, Federazione Nazionale Dirigenti Aziende Industriali, Intersind and Asap on October 3 1989, that established Previndai – Pension Fund.

     

    July 31
    Approval of the first By-laws and Fund Regulation, applied until 4 November 1997.

     

    October 4
    Previndai takes on the form of non recognized association by notarial deed.

     

    October 30
    The Fund concludes an agreement with a pool of 13 insurance companies to manage the incoming resources starting from the first months of 1991.

    1993

    June 8
    Due to a new less favorable tax policy, Previndai Parties suspend applications for membership, for those new members who would be affected by the provisions of art. 18, par. 8 (first part) of Italian Legislative Decree 124/93.

    1996

    January 31
    Starting from 1 January 1996, Parties restore the application for membership for the managers affected by the provisions of Agreement 8 June 1993, establishing the relevant regulation for the contribution payment. The Agreement additionally provides that the resources may not be exclusively invested in insurance portfolios.

    1997

    November 5
    The Assembly of delegates of the Fund approves the new By-Laws and Regulation, amended in compliance Italian Legislative Decree 124/93, in force until 23 June 2003.

    2001

    January 1
    Inception date for contribution of managers affected by the measures of the National Labour Agreement signed by Federmanager and Confservizi-Cispel who want to become members of the Fund.

    2003

    April 10
    Starting date for the enrollment of ANAS S.P.A. and its managers, subject to the application of National Labour Agreement concluded between ANAS S.P.A. and Federmanager.

     

    June 24
    COVIP approves the new By-Laws and Regulation, amended in compliance with the new law provisions and the establishment of the Multi-portfolio asset management structure.

    2004

    November 24
    The Parties, during the renewal of the National Labour Agreement for managers of industrial companies, with specific provisions on supplementary pension, starting form 1/1/2005, introduced important innovations on contribution (e.g. higher percentage of TFR, additional contribution).

    2005

    May 16
    Inception date of the multi-portfolio management, with the establishment of two new financial portfolios and the introduction of the possibility to allocate one’s capital on the three portfolios to better much the single risk/performance attitude of each member.

    2007

    January 1

    Italian Legislative Decree 252/2005 (Disciplina delle forme pensionistiche complementari) enters into force

    Contribution inception date for the managers employed with the National Collective Agreement signed by Federmanager and the Associazione Nazionale dei Consorzi Agrari, willing to become members of Previndai.

    The Board of the Fund approves the modifications to the By-Laws to make them compliant with the new provisions of the Italian Legislative Decree 252/2005, with the Decree of the Italian Ministry of Finance n. 62/2007, and to the COVIP Directive of 23 May 2007.

    2009

    November 25
    The Parties sign a new National Collective Agreement that, in the part related to Previndai, has introduced some very important innovations regarding the contribution to Previndai starting from 1.1.2010.

     

    December 2
    Previndai is endowed with legal personality by COVIP

     

    December 18
    The Board of the Fund approves additional modifications to the By-laws necessary according to the new provisions of the Italian Decree 252/2005, with the Decree of the Italian Ministry of Finance n. 62/2007, and to the COVIP Directive of 23 May 2007.

    2010

    October 21
    The modification of the By-laws is completed and they are fully compliant with the current law provisions.

    2011

    January 1
    Contribution inception date for the managers employed with the National Collective Agreement signed by Federmanager and the Ente Nazionale Risi willing to become members of Previndai.

    2012

    January 1
    Contribution inception date for the managers employed with the National Collective Agreement signed by Federmanager and the Federazione Italiana Consorzi ed Enti di Industrializzazione (FICEI) willing to become members of Previndai.

    2013

    December 31
    The Insurance agreement for the Insurance portfolio Assicurativo 1990 expires.

    2014

    January 1
    The new Insurance portfolio Assicurativo 2014 is established.

    2015

    Previndai celebrates the 25th anniversary of its founding.

    The funds launches a process for the review of the investment policy for the financial portfolios.

    2016

    The Fund concludes the process to be fully compliant with the Decree of the Italian Ministry of Finance no. 166/2014.

    2017

    August 1

    The inception of the new multi asset management marks the accomplishment of the first phase of the review of the investment policy that will be fully achieved once the investment in alternative funds will be launched.

    2018

    19 January

    Due to the BoA decision and the following By-laws modification made by the Assembly, it is given the possibility to dependent relatives to become memers of Previndai.

    2019

    11 July

    Marking the conclusion of the process for the modification of the investment policy of the Fund, and following to the public search launched in 2018 and ended in the early months of 2019, some of the new agreements with the selected AIFs are concluded.

    30 July

    The Parties sign a new National Collective Agreement that, in the part related to Previndai, has introduced some very important innovations regarding the contribution to the Fund, starting from 1.1.2020.

    BOARD OF DIRECTORS

    Francesco Di Ciommo (Chairman)
    Giovanni Censi (Vice Chairman)
    Mario Cardoni
    Andrea Crisci
    Barbara Donadon
    Vittorio Gervasi
    Valeria Innocenti
    Patrizio Palazzo
    Silvia Rovere
    Marco Rughetti
    Giancarlo Somà
    Egidio Zambini

    BOARD OF STATUTORY AUDITORS

    Paola Pulidori (Chairman)
    Gennaro Esposito
    Francesco Gallo
    Marco Piemonte
    Sara Signa
    Marco Tani

    Current Board of Directors and Board of the Statutory Auditors are in office since 14 July 2020.

    In the meeting held on 28 may 2020 the BoA has approved the Document on the Governance of the found available here.

    Organization of the Fund

    Presidente Direttore Generale Segreteria Generale Legale e Compliance Amministrazione Risk Management Comunicazione Contributi Finanza Prestazioni

    Full Screen

    Management Fees

    Art. 7 of the By-laws provides that the Fund can finance its costs through:

    • a share of the contributions paid to the fund;
    • interests on arrears exceeding the total compensation for the damage suffered by the manager due to the delayed payment of contribution;
    • interests and returns on the amounts managed by the Fund up until their investment;
    • the sums that the Board of Directors establishes to charge on members accounts when they apply for some of the options available according to art. 7, par. 1, lett. b) of the By-laws.

    Management fees

    Previndai takes on a share of the contribution to finance its costs.

    Time period

    Rate

     from 01/01/2021

     0,55%

     17/02/2015 – 31/12/2020

    0,50%

     16/02/2011 – 16/02/2015

    0,45%

    16/01/2008 – 15/02/2011

    0,40%

    16/01/2007 – 15/01/2008

    0,50%

    01/01/2003 – 15/01/2007

     0,70%

    01/01/2002 – 31/12/2002

    0,75%

    01/01/2001 – 31/12/2001

     0,85%

    01/01/1999 – 31/12/2000

     1,10%

    01/01/1998 – 31/12/1998

     1,55%

    01/01/1994 – 31/12/1997

     1,90%

    16/07/1993 – 31/12/1993

     1,50%

    01/01/1991 – 15/07/1993

     1,20%

    Membership cost according to art. 7, par. 1, let. b) of the By-laws

    The account of a member that is not receiving contribution for three consecutive years is charged with a membership cost in two half-year installments.

    Time period

    Annual participation fee
    (Values in  €)

    from 2021

     45.00

    from 2015 to 2020

     40.00

    from 2010 to 2014

     30.00

     2009

     25.00

      from 2006 to 2008

     18.00

    from 2002 to 2005

     15.50

     2001

     18.08

     from 1999 to 2000

     20.66

    Costs on some individual options

    Since 2020, the costs related to art. 7, par. 1, lett. b) e d), of Statutes for the request of some types of benefits.

      Type of Benefits Applied costs
    Advances of 

    capital

    		 Purchase of house of residence  € 30.00
    Renovation works on house of residence   € 40.00
    Medical Expenses  € 20.00
    Personal Reasons € 20.00
    Redemption of capital    € 25.00
    Prepaid Temporary Insurance Annuity (RITA)   € 15.00