There’s a growing realisation in Europe that future pensions may not be remotely sufficient to ensure adequate living standards upon retirement. About 28% of the 23,000 people who participated in an international survey encompassing 19 countries don’t believe they will have enough money to live the life they want when they retire. This sentiment is more pronounced in Europe (compared to the US or China) , where most countries provide government-funded pensions, suggesting an increased awareness of an aging European population and the fact that public pensions can no longer be relied upon to support a comfortable retirement.
This survey comes ahead of an important new research report by BETTER FINANCE on the status of pension savings in Europe. The “Pension Savings: The Real Return” report will be launched at a press conference in Brussels on 30 September, and will provide pension savers with a look at up to 15 years of returns on pension savings after inflation and net of fees and taxes across 15 EU countries.
Sign up for the BETTER FINANCE press conference here, or watch this space for a PDF version of the report that will be available for download on 30 September.
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