Cattolica Assicurazioni launches a new insurance-based Pir. It's called Idea Italia Pir and has been available in Cattolica Group agencies since last September 25th.
How is the Cattolica Individual Savings Plan portfolio made up? "Thanks to the new Separate Management "Cattolica SerenaMente" and the dedicated Unit Linked Fund "Cattolica Strategia Italia" - explains the company in a note - the Company will be able respectively to protect a portion of the invested capital and to seek the best investment opportunities on the Italian market".
In fact, we recall that, based on the provisions of the law, at least 70% of the value of the fund must be invested in securities issued by companies resident in Italy or with a permanent establishment in Italy; of this quota, at least 30% must refer to companies not included in the main stock market index.
By maintaining the investment for a minimum period of 5 years, the potential financial returns will be exempt from the application of ordinary capital gains tax. Furthermore, as with insurance policies, the sums paid will be exempt from any inheritance taxes.
Massimo di Tria, Chief Investment Officer of the Cattolica Assicurazioni Group, declared: "With IDEA ITALIA PIR Cattolica enriches its offer of Individual Savings Plans, offering customers top-level professional management suitable for dealing with the complexity of the current economic scenario . Whoever invests in this instrument will actively contribute to supporting the Italian industrial fabric and at the same time will acquire the advantages of the stable returns of one of the first Italian Separate Accounts with a dedicated profit fund. Furthermore, those who will be able to maintain the investment for a minimum period of 5 years will also receive a further substantial benefit in terms of tax advantage"
