NU Online News Service, March 3, 2005, 3:36 p.m. EST
A new universal private pension account program could boost life insurance sales in Europe’s fourth biggest life market.[@@]
Timour Boudkeev, a senior analyst in the London office of Moody’s Investors Service, reaches that conclusion in an industry outlook review focusing on Italy.
In Italy, employers must set aside “severance provisions” for employees each year.