Giacomo Canarezza

INARCASSA is the first pillar pension scheme for all self-employed Italian Engineers and Architects. Following the 1995 reform, which transformed the Defined Benefits Italian pension system into a Notional Defined Contribution, INARCASSA and the other self-employed professional institutions (named Casse di previdenza) have been given the formal status of private institution. In 2013, INARCASSA itself moved to the Notional Defined Contribution system. Covered population has almost tripled since privatization; today members are about 175,000, of whom 29% are under 40. Retirees are 45,500. Inarcassa provides social protection benefits as well, such as free health care, maternity/paternity and other services and benefits to support profession. Assets under management are over 14,2 billion euro, 9 times since privatization. INARCASSA’s Board of Directors has formally adopted an Investment process policy; objectives converge on the search for an efficient risk-return combination that preserves assets but with a level of profitability that is realistic, adequate and compatible with the prudence commitments (asset guarantee) undertaken with its members. Inarcassa adopts a Sustainability Policy, which defines the principles and methods that guide the choice of investments, subsequent monitoring and reporting of activities to all those involved and interested. With this policy, Inarcassa affirms its commitment to pursue a sustainable and responsible management activity in full consistency with the United Nations Principles of Responsible Investment (UN-PRI) of which it has signed since 2017.