Date: 5th October 2016
Author:
Type: In the news
Dismally low returns on EU pension fund investments over 15 years? The allegation comes in a study by BETTER FINANCE, the European Federation of Investors & Financial Services Users. The report, Pensions Savings: The Real Return, points to excessive fees, points to other charges, and badly framed taxation rules, as the culprits.
“Pension savings did not, on average, return anything close to those of capital markets, and in too many cases even destroyed the real value for European pension savers,” the report states.
While little direct response is on the cards, and at least one Brussels-based observer is highly critical of the report and its methodology, some legislative action is likely.
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