Key Takeaways
- • Antonio Nardacci, chairman of Fondoposte, the pension fund for Italian postal workers, discussed the fund's revamped investment offering in an IPE interview with Luigi Serenelli.
- • Fondoposte is using new mandates to diversify its investment styles and expand its asset allocation beyond current limits, according to the publisher's summary.
- • The fund received approval to begin operating at the end of July 2025, and it is the contractual pension fund for employees of Poste Italiane.
- • Under a mandate, the global custodian will provide securities lending services covering approximately €2.3 billion of Fondoposte assets.
- • The interview also addressed the fund's domestic investments and ESG approach; the full article is behind the IPE membership paywall.
Summary
Fondoposte, the contractual pension fund for employees of Poste Italiane, Italy's national postal service, is revamping its investment approach while keeping its underlying values, according to an interview published by Investment & Pensions Europe (IPE) in its July/August 2025 magazine. In the interview, chairman Antonio Nardacci spoke with Luigi Serenelli about the fund's new offering, its domestic investments and its environmental, social and governance (ESG) policies. The full text is available only to IPE members, so the details below rely on the publisher's summary and related coverage.
According to the publisher's summary, the fund's new mandates are intended to diversify across investment styles and to expand its asset allocation beyond existing limits. The fund received approval to start operating at the end of July 2025, and IPE has reported that Italian pension managers expect mandate volumes to increase as occupational pension funds develop.
Separately, a securities lending programme for the fund was reported under a mandate with a global custodian, which will provide services covering approximately €2.3 billion of assets. Specific terms of the mandate beyond this figure were not available in the sources reviewed.
Background on the wider sector was also limited in the available material. Fondoposte's own website describes it as a Rome-based occupational scheme for postal employees. Further details on performance, allocation targets and specific managers were not available from the sources reviewed.
According to the publisher's summary, the fund's new mandates are intended to diversify across investment styles and to expand its asset allocation beyond existing limits. The fund received approval to start operating at the end of July 2025, and IPE has reported that Italian pension managers expect mandate volumes to increase as occupational pension funds develop.
Separately, a securities lending programme for the fund was reported under a mandate with a global custodian, which will provide services covering approximately €2.3 billion of assets. Specific terms of the mandate beyond this figure were not available in the sources reviewed.
Background on the wider sector was also limited in the available material. Fondoposte's own website describes it as a Rome-based occupational scheme for postal employees. Further details on performance, allocation targets and specific managers were not available from the sources reviewed.
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