TAR confirms compensation for postal savings bond holders

The TAR of Lazio has ruled that savers must be compensated for postal savings bonds. This confirms a prior Antitrust decision against Poste Italiane. Poste Italiane was condemned for selling "term" bonds without clearly stating their expiration dates. Many believed these bonds had a 20-year term, but the company claimed they expired after seven years, leading to capital loss. Consumer associations like Federconsumatori have supported savers, arguing that the lack of clear expiration dates prevents the statute of limitations from applying. This TAR ruling strengthens citizens' claims for reimbursement.