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Article: Fund Profile: Trentino-South Tyrol PensPlan - Preparing to trek across the Alps to Germany.
- Article from:
- epn: European Pensions & Investment News
- Article date:
- December 4, 2006
CopyrightCOPYRIGHT 2006 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Thomas Escritt
Elsewhere in Europe, talk may be of pan-European pension pooling, but the North Italian region of Trentino-South Tyrol's PensPlan has more local ambitions, contenting itself with crossing the Alps into Germany.
Its plans in the field have been given a boost by the passage in the Italian parliament last week of the first draft of a law that will allow Italian citizens to make a tax-deductible payment of up to 5,164 into a pan-European pension fund. Such decisions negate the need for tax-harmonisation in the EU's pension fund directive, according to Michael Atzwanger, PensPlan's director.
"Italy, the Netherlands and ...