The keys: the public system needs a private complement that works
Pension plans have recorded six consecutive years with net outflows of money
Individual pension plans lose relevance. Since 2021, the system has been experiencing a net outflow of money: savers withdraw more than they contribute. Behind this trend is, to a large extent, the reform with which the Government wanted to promote employment plans, which cut the contribution limit to individual plans and maintained a more favorable tax treatment for groups.
However, since most companies do not yet offer them, there has been no effective transfer of savings between the two models. Savings have migrated to other products, such as investment funds.
Translated by urgent.news. Machine-written — may contain errors; check the original before relying on it.
