The phrase [fondo espero perché non conviene](javascript:void(0)) can be explained in the financial context of the "Fondo Espero," an Italian pension fund. "Fondo" means "fund," "espero" is the fund's name, and "perché non conviene" means "why it is not convenient" or "why it is not favorable." In this context:
- "Fondo Espero" is a negotiated pension fund for certain workers in Italy.
- "Perché non conviene" refers to reasons why joining or staying with the Fondo Espero might not be advantageous.
Key reasons why Fondo Espero might not be convenient include:
- Once you join, the decision is often irreversible with limited options to withdraw the Trattamento di Fine Rapporto (TFR, severance pay), which instead gets diverted to the fund.
- The TFR does not remain in the company and loses guaranteed statutory revaluation, as its returns depend on market performance and fund management.
- There is a solidarity contribution by the employer that doesn't increase the member's individual position.
- The fund’s returns may be lower than expected, as actual average returns have been lower than those of traditional TFR.
- Some critiques also highlight lack of sustainable investment policies and concerns around ethical investment standards of the fund.
In short, "perché non conviene" in relation to "Fondo Espero" refers to these financial and strategic drawbacks that may make the fund less favorable compared to alternatives or keeping the TFR within the company.