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Retirement Planning > Saving for Retirement

Prudential Says Viva Italia

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NU Online News Service, Jan. 29, 3:48 p.m. – Prudential Financial Inc., Newark, N.J., and Banca Popolare di Bergamo-Credito Varesino, Milan, announced that Prudential will make a 5% investment in a BPB-CV asset management business, FinanzAttiva Gestioni SGR, with an option to increase the investment to 35% in 2003 or later.

The name of FinanzAttiva will changedto BPB Prumerica Global Investments SGR.

Prudential has also completed a survey to measure the views of Italian consumer on saving for the future.

Among the findings:

  • Most consumers fear a financial crisis. Of those surveyed, 36% were somewhat concerned and 22% were very concerned about having enough money for emergencies while 34% were somewhat concerned and 14% were very concerned about saving for retirement.
  • 90% of Italians surveyed feel that they are financially comfortable but 53% say they are not saving enough money and 10% are “barely able to cover their expenses or make ends meet.”
  • 90% of Italians own automobile insurance but only 50% own life insurance and just 24% own disability insurance.