July 6, 2020

Half of the fund managers see increases in pension contributions in 2019

Half of the private pension fund managers have found that the net contributions to individual pension plans have increased in this year, according to a survey by the Spanish employer of investment and pension funds, Inverco.

Specifically, of those entities that have received an increase in contributions, almost two out of three, 62%, have reported a rebound of less than 5%, while the remaining 38% have reported that growth ranged between 5 and 5. the 10 %.

Inverco has indicated that the rescue of Unemployment Pension Plans has also decreased by eight out of ten entities consulted and that 44% of these entities quantify this decrease above 10%.

As for the type of product, mixed fixed-income pension plans are the most demanded in these last months of the year, followed by mixed-equity ones, which "have increased twenty percentage points" and are consolidated as the second option, and guaranteed plans, although to a lesser extent.

However, almost all of the managers surveyed consider that the savings through this product is not sufficiently incentive compared to other European countries and 55% consider it "fundamental" to promote a "quasi-compulsory" system of business plans, as in the United Kingdom United.

Generation X is the most aware of retirement savings, followed by those born during the birth explosion of the 60s and 70s, while the millenic and Central still see it as something far away.

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