PIR light and shadow
How the introduction of long-term saving plans impacted the Italian SMEs capital markets. What shall we expect from recent regulatory changes?
In 2017, following the example of the French Plans d’épargne and the UK’s Individual Saving Accounts, Italy encouraged its asset managers to create long-term saving instruments called Piano Individuale di Risparmio (individual savings plan or PIRs). PIR benefits from tax incentives to encourage savers to invest in small and medium-sized firms.
Performance magazine issue 29, May 2019
Performance is a triannual digest, dedicated to investment management professionals, which brings you the latest articles, news and market developments from Deloitte’s professionals and clients.