Date: 20th November 2020

On 25 September 2020, BETTER FINANCE released the eighth edition of its research report on the Real Return of Long-Term and Pension Savings. More than a month later, on 5 November, PensionsEurope (PE), the lobbyist for the European Pensions Industry, issued a press release levelling unwarranted and unsubstantiated criticism against the findings in the Bulgarian Country Case of the report.

PE and the Bulgarian Association of Supplementary Pension Security Companies (BASPSC) pretended to “correct” the pension returns presented in the Bulgarian country case of the 2020 BETTER FINANCE Research Report on the real returns of long-term and pension savings, and accused the author of the case of “skilfully work(ing) with statistics, creating manipulatively his thesis based on some facts, half-truths, wrong calculations and open speculative statements”. However, whereas neither the author of the Bulgarian country case, nor BETTER FINANCE “manipulate figures and statements”, PE, on the contrary, did just that in its 5 November press release.