Date: 5th May 2021
Author: BETTER FINANCE

Read the full article [in French] in ARCAF's website


Over the years, BETTER FINANCE has warned authorities and stakeholders of the risks at stakes for Pension plan savers (Pension Savings - The Real Return).

Today, the French 'Union Mutualiste Retraite' (UMR) just sparked a new pension scandal by cutting the pensions paid to 'Corem' retirees. This voluntary supplementary pension scheme was supposed to preserve purchasing power in exchange for a considerable savings effort over time. Instead, people will lose 12.6% of their pension entitlement on 1 January next year. This is a decrease in nominal value, the loss of purchasing power will be even greater, especially as inflation is on the rise again. As a result, the overall purchasing power loss is evaluated at 25% for adhering members since 2002.