Crenca & Associati offers advice in all pension fund fields: pre-existent, contracted-out ("negoziali") and open ("aperti") Pension Funds, individual pension insurance products, and matters concerning the basic and individual social security system. Crenca & Associati has gained specific experience regarding all the activities of a pension fund, specifically in the administrative, financial and annuities management fields.

Here under you will find the main activities:

	Arrangements of statutes, rules and agreements concerning administrative and financial management.
	Arrangements of technical balance-sheets.
	Support in order to pass from a defined benefit pension fund to a defined contribution pension fund.
	Conversion procedure from a pre-existent pension fund to a contracted-out pension fund.
	Arrangements for the agreements between a pension fund and a Life Insurance Company for the payment of annuities and additional insurance coverage. Direct management of the annuities.
	Support in authorization and management of pension funds, business plan arrangements, selection of administrative managers, financial managers, depositary bank and Life Insurance Companies, compliant in respect of Supervisory Authority
	Monitoring of financial management, feasibility analysis about "monocomparto" or "multicomparto" system, constitution and analysis of guaranteed investment lines and identification of control systems of financial performance.
	Asset-Liability Management.
	Analysis of the characteristics and needs of members and estimation of risk profiles considering the level of the coverage in the social security schemes.
	Employee benefits and possible international implications.

Moreover, on the basis of our wide experience in the social security field, we offer specific advice and assistance to move from a "retributive" to a "contributive" system. In such cases Crenca & Associati considers all aspects regarding rule changes, actuarial evaluations of technical balance-sheets, the effect on subjective, supplementary or other kinds of contributions and on future benefits, the effect on the legal reserve in technical balance-sheets and the possible introduction of minimum financial guarantees.

In the welfare field, Crenca & Associati, has performed specific analysis in order to search the best insurance products. Other analysis have been done about economic feasibility of health services, the consequences coming from various reforms in this field, the possible insurance solutions and setting up of additional health funds included the problems related to tariffs.

Moreover, Principal and some partners are directors of "contracted-out" and "open" pension funds as well as individual pension benefit plans.