Assets in Italy’s supplementary pension system rose to €261.2bn at the end of 2025, up 7.3 per cent year-on-year, with growth split roughly evenly between net contributions and investment returns, according to Italy’s Pension Funds Supervisory Commission (COVIP).
Membership of supplementary schemes also continued to expand, with outstanding pension positions rising 5 per cent year-on-year to 11.7 million at the end of 2025, equivalent to 10.4 million members once individuals enrolled in more than one scheme are counted only once




