Date: 4th April 2019

As shown by independent research into the real net returns of European pension savings carried out by BETTER FINANCE, pension savings products too often significantly underperform capital markets, and even sometimes destroy the real (after inflation) value of pension savings over the long-term due mostly to high fees and commissions. This, in turn, is also linked to the extreme fragmentation of the voluntary pension saving products’ markets within the EU, to the complexity and opacity of many products, and to insufficient competition.