Also Fideuram-Intesa Sanpaolo Private Banking makes its debut on the Individual Savings Plan (PIR) market. The new range of products is developed by Fideuram Investimenti Sgr and allows savers, in line with the Pir legislation, to benefit from the tax exemption of capital gains and inheritance taxes, for investments of up to 30 thousand euros a year, and 150 euros over five years, if the investment is maintained for the entire period of time.
The requirements to benefit from the subsidy provide that the portfolio is exposed for a share of at least 70% to Italian issuers (of which 30% in non-Ftse Mib companies) while on the remaining 30% there are no restrictions. The three Pir compliant products are Balanced Italy 30 Plan, Balanced Italy 50 Plan and Italy Action Plan, with three increasing tiers of shares, at 30%, 50% and 90% respectively. It is an umbrella mutual fund.
“I have great faith in the growth potential of the Italian productive fabric,” he declared Paolo Molesini, Chief Executive Officer of Fideuram-Intesa Sanpaolo Private Banking, "and I believe that investment in PIRs can allow us to aim for an appreciation of the value of our savings, supporting the real economy of our country."
The launch is confirmation of the Intesa Sanpaolo group's attention to the Italian economic system after a month ago it was the turn of Eurizon Capital, the savings management company of the Cà de Sass bank, to launch its own Pir. Also in the case of the asset management company led by Tommaso Corcos (who is also chairman of Assogestioni) these are funds with three different risk profiles (Eurizon Progetto Italia 20, 40 and 70 with an increasing share weight, at 20%, 40% and 70 %, respectively).
