Fondo Telemaco
Fondo Telemaco is a non-profit Italian negotiated pension fund (COVIP registration No. 103) serving workers of telecommunications companies, offering supplementary pension accumulation via TFR, employer, and voluntary contributions, with three investment compartments and a Life Cycle profile.
- Company typePrivate
- Founded-
- HeadquartersRome, Italy
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Fondo Telemaco does
Fondo Telemaco (legal name: Fondo Pensione Telemaco) is an Italian non-profit negotiated pension fund (fondo pensione negoziale) established for workers of telecommunications companies, founded in 1998 and headquartered in Rome at Via Luigi Bellotti Bon 14. The fund is registered with COVIP (Commissione di Vigilanza sui Fondi Pensione) under number 103 and is recognized as a top-20 negotiated pension fund in Italy. Its mission is to provide a supplementary pension that complements the public INPS system, alongside advance withdrawal options (home purchase, healthcare, RITA) and multiple payout structures at retirement.
The core product is the pension fund itself, built on a digital platform operated by Previnet that includes a member Area Riservata, an official iOS/Android mobile app (launched December 2023), an online pre-filled adhesion module (available since May 15, 2024), and a suite of calculator tools (personalized annuity engine, EasyPens public pension simulator, fiscal benefit calculator, ISC-based cost comparison). Investment exposure is offered through three compartments — Garantito (capital preservation, 8% equity), Prudente (70/30 bond/equity), and Dinamico (40/60 bond/equity) — plus an automated Profilo Life Cycle that shifts members between compartments based on years to retirement. External professional asset managers (SGR) execute investments under COVIP-regulated selection procedures, while a separate Depositary Bank provides custody.
The business model is non-profit contribution-based economics: the fund earns management fees on worker contributions, employer contributions (raised from 1.4% to 1.6% of salary effective January 2026) and TFR, plus commissions from a Unipol Assicurazioni convention for annuity conversion at retirement (valid through June 30, 2025). Member acquisition is driven primarily by the collective bargaining agreement channel with telecom employers, supplemented by digital self-service enrollment and a call center in Trevignano. From July 1, 2026, the fund will receive automatic enrollments of new hires in the telecommunications sector into the Life Cycle profile, and will introduce three new pension benefit types (defined-duration annuity, freely determinable withdrawals, installment capital disbursement), materially changing the acquisition and decumulation mechanics.
Fondo Telemaco firmographics
Firmographics- Name
- Fondo Telemaco
- Legal name
- Fondo Pensione Telemaco
- Website
- https://fondotelemaco.it
- Company type
- Private
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Fondo Telemaco is a non-profit Italian negotiated pension fund (COVIP registration No. 103) serving workers of telecommunications companies, offering supplementary pension accumulation via TFR, employer, and voluntary contributions, with three investment compartments and a Life Cycle profile.
- Ownership category
- akta.pro rank
Fondo Telemaco industry classification
Industry- Product category
- Supplementary Pension Fund (Occupational)
- NAICS
- Pension Funds (525110), Pension Funds (52511), Insurance and Employee Benefit Funds (5251)
- akta.pro primary industry
- Pension Master Trusts, Superannuation & Provident Funds (FSAAAGAB)
- akta.pro secondary industries
- Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail) (FSAAAAAJ), Annuity + LTC / Long-Term Care Riders (FSAIAJAC), Retirement Plan Participant Advice & Managed Accounts (FSAEABAF)
Keywords
Where Fondo Telemaco is headquartered
LocationHeadquarters
- HQ city
- Rome
- HQ country
- Italy
- HQ region
- Europe
Offices2 records
Markets served
Fondo Telemaco business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Technology or R&D, Marketing or Sales, Others
Revenue model
- Management Fees on Contributions: The fund generates revenue through management fees applied to member contributions (worker contributions, employer contributions, and TFR). These fees cover administrative costs and investment management expenses.
- Annuity Insurance Commission: Telemaco has a convention with Unipol Assicurazioni S.p.A. for the provision of annuities at retirement, in effect until 30/06/2025. The fund earns commissions through this insurance partnership for converting accumulated capital into retirement income.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Worker contribution: minimum 1% of salary (can be increased in 0.50% increments) |
| Subscription | Monthly | Employer (azienda) contribution: 1.6% of salary (effective January 1, 2026) |
| Other | Annual | Tax deduction limit: 5,300 euros annually (from January 1, 2026) |
| Other | Pay-as-you-go | Investment compartments: Garantito, Prudente, Dinamico |
Go-to-market motion1 record
Distribution channels6 records
Marketing channels8 records
Fondo Telemaco product offering
Product offeringCore offering
Fondo Telemaco is a national non-profit supplementary pension fund (fondo pensione negoziale) for workers of Italian telecommunications companies, registered with COVIP (registration No. 103). Members build supplementary retirement savings through TFR contributions, voluntary contributions, and employer matching contributions (1.6% of salary from January 2026), choosing among three investment compartments (Garantito, Prudente, Dinamico) or an automated Profilo Life Cycle, and access benefits at retirement via annuities, lump sums, RITA, or new flexible disbursement options.
Product overview
Fondo Telemaco is a national supplementary pension fund (Fondo Pensione Nazionale Complementare) for workers in the telecommunications sector. The core offering is the pension fund itself, which enables members to build a supplementary pension alongside the public INPS system. The product portfolio includes a consumer-facing web portal (Area Riservata), an official mobile app for iOS and Android, an online adhesion module, multiple calculator tools (personalized annuity engine, EasyPens public pension simulator, fiscal benefits calculator, cost comparison engine), and investment compartments (Garantito, Prudente, Dinamico) plus an automated Profilo Life Cycle strategy. Members can access various benefit types including annuities (vitalizia, reversibile, certa, controassicurata, LTC), capital withdrawals, RITA, and new flexible disbursement options introduced in 2026. The fund is regulated by COVIP and operates under Italian pension law.
Differentiator
Problem solved
Functional benefit
Products and services
- Fondo Pensione Telemaco
- App Ufficiale Fondo Telemaco
- Area Riservata Aderenti (Members Portal)
- Modulo di Adesione Online (Online Adhesion Module)
- Comparto Garantito (Guaranteed Compartment)
- Comparto Prudente (Prudent Compartment)
- Comparto Dinamico (Dynamic Compartment)
- Profilo Life Cycle
- Annuity Engine and Comparison Tools (Motore di Calcolo Personalizzato per la Rendita and Motore per la Rendita)
Quantifiable outcome
- Tax savings of 23-43% on contributions (based on IRPEF bracket)
- +4 more outcomes
Companies that use Fondo Telemaco
Customer profileNamed customers1 record
Segments3 records
Ideal customer profiles2 records
Fondo Telemaco technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Fondo Telemaco partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Unipol Assicurazioni S.p.A.coreTelemaco has a convention with Unipol Assicurazioni S.p.A. for the provision of annuity products (rendita) at the time of retirement. This insurance partnership was in effect until June 30, 2025, and provides members with guaranteed annuity options upon pensioning, including various types such as vitalizia (life), reversibile (with beneficiary), and LTC (long-term care) options.
- PrevinetcorePrevinet provides the technological infrastructure for the Area Riservata (reserved area) and member management systems. The fund's digital platforms (login portals for both members and companies) are hosted on Previnet's servers, enabling online adhesion, contribution management, and benefit request processing.
- Depositary Bank (Banca Depositario)coreThe fund's assets are deposited with an authorized Depositary Bank that acts as custodian of the pension fund's assets and monitors the regularity of all management operations. This separation between investment management and asset custody provides structural protection for member savings.
- Financial Managers (SGR - Società di Gestione del Risparmio)coreExternal professional asset managers (SGR) are delegated by the Board of Directors (Consiglio di Amministrazione) to execute daily investment operations. Selection follows COVIP-regulated procedures including public tender, offer presentation, and management convention signing. Managers operate within strict guidelines defined by Telemaco for each investment compartment.
- COVIP (Commissione di Vigilanza sui Fondi Pensione)coreCOVIP is the supervisory authority for pension funds in Italy. Fondo Telemaco is registered with COVIP under number 103 and operates under their regulatory oversight for transparency, correct behavior, and prudent management. The authority ensures protection of members and beneficiaries.
- Studio UtopiaminorStudio Utopia (via Don Orione, 1, 12069 Santa Vittoria d'Alba) is credited for the website design and planning of fondotelemaco.it.
- Open-BoxminorOpen-Box (via Sesta Strada Poggilupi, 343, 52028 Terranuova Bracciolini) is credited for content development of fondotelemaco.it.
- Protection Trade S.r.l.minorProtection Trade S.r.l. serves as the Data Protection Officer (DPO) for Fondo Telemaco, contactable at [email protected] or via mail at via Giorgio Morandi, 22 – 04022 ITRI (LT).
Scale indicators6 records
Recent moves8 records
Expansion highlights5 records
Fondo Telemaco competitors and assessment
Company assessmentOthers
- MEFOP: Industry consortium and operational platform shared by Italian pension funds (hosts the annuity comparison calculator used by Telemaco). Enables, rather than competes with, Telemaco's member tooling and benchmarking.
Direct peers
- Cometa Fondo Pensione: Italy's largest fondo pensione negoziale for the metalworking sector (CCNL metalmeccanici). Same legal/regulatory structure as Telemaco, competing for the same worker and employer mandates via collective bargaining.
- Fondo Sanilog: Italian negotiated pension fund dedicated to healthcare workers and cooperative/tertiary sectors. Comparable as a sector-specific fondo negoziale relying on CCNL membership and employer contributions.
- Byblos Fondo Pensione: Negotiated pension fund for the Italian banking sector. Same non-profit, CCNL-based structure as Telemaco with comparable investment compartments, member services and COVIP oversight.
- Fondo Fonte: Negotiated pension fund for the Italian commerce, tertiary and distribution sectors. Closely comparable to Telemaco in structure, governance and member proposition, but operates in a different CCNL vertical.
- Fondo Gomma Plastica: Negotiated pension fund for the rubber and plastics industry. Similar single-sector fondo negoziale serving CCNL-covered workers and their families, with comparable member lifecycle services.
- Fondo Arco: Negotiated pension fund for the construction and related industries (edili). Same non-profit collective bargaining structure as Telemaco, with similar CCNL-driven distribution and member contribution mechanics.
- Fondo Priamo: Negotiated pension fund serving the transport, logistics, automotive and mobility sectors. Directly comparable fondo negoziale with similar COVIP-regulated member offerings and employer-paid contribution model.
Broad incumbents
- Intesa Sanpaolo Vita - Il Mio Domani: Open pension fund (PIP/open) from a major Italian banking/insurance group. Competes with Telemaco for telecom sector workers' voluntary, portable pension contributions, but offers broader cross-sector distribution.
- Generali Previdenza: Large Italian open pension fund (fondo aperto) under a major insurance group. Comparable pension accumulation and annuity proposition but for-profit, open to all workers, and serves a much broader market than Telemaco's sector mandate.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat5 records
Key risks6 records
Key highlights7 records
Customer concentration
Fondo Telemaco social profiles
Digital presenceFondo Telemaco compliance and trust
Trust signalCompliance2 records
Fondo Telemaco financial estimates
Financial estimateRevenue estimate
Valuation estimate
Fondo Telemaco leadership team
Management profileNumber of profiles
Profiles1 record
Fondo Telemaco funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Fondo Telemaco M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Fondo Telemaco
What does Fondo Telemaco do?
Fondo Telemaco is a national non-profit supplementary pension fund (fondo pensione negoziale) for workers of Italian telecommunications companies, registered with COVIP (registration No. 103). Members build supplementary retirement savings through TFR contributions, voluntary contributions, and employer matching contributions (1.6% of salary from January 2026), choosing among three investment compartments (Garantito, Prudente, Dinamico) or an automated Profilo Life Cycle, and access benefits at retirement via annuities, lump sums, RITA, or new flexible disbursement options.
Is Fondo Telemaco a public or private company?
Fondo Telemaco is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Fondo Telemaco founded?
Fondo Telemaco was founded in -1. It employs 11 to 50 people.
Where is Fondo Telemaco based?
Fondo Telemaco is headquartered in Rome, Italy, in the Europe region.
How does Fondo Telemaco make money?
Two revenue lines are on record. Management Fees on Contributions are the primary driver. The others are annuity Insurance Commission.
Who are Fondo Telemaco's main competitors?
MEFOP is listed as an others. Direct peers are Cometa Fondo Pensione, Fondo Sanilog, Byblos Fondo Pensione, Fondo Fonte, Fondo Gomma Plastica, Fondo Arco and Fondo Priamo. Broad incumbents are Intesa Sanpaolo Vita - Il Mio Domani and Generali Previdenza.
Does Fondo Telemaco have an API?
No public API is recorded for Fondo Telemaco.
What industry is Fondo Telemaco in?
Fondo Telemaco's product category is Supplementary Pension Fund (Occupational). Its primary akta.pro industry code is FSAAAGAB, Pension Master Trusts, Superannuation & Provident Funds, with a secondary code of FSAAAAAJ, Retirement & Pension Wealth (401(k)/IRA/SIPP/Superannuation Retail). Its NAICS code is 525110.