Garralda (Mutua Madrileña): We must incentivize employment pension plans

Ignacio Garralda, president of Grupo Mutua Madrileña, has called for the promotion of employment pension plans, stating they have more potential than individual plans. He expressed disappointment that publicly promoted pension funds have not been activated. Garralda noted that the situation regarding pensions has worsened over the past year, with 25% of the electoral census being pensioners, which has significant political implications.

He cited the UK's auto-enrolment system as an example to follow, where workers are automatically included in a private pension system unless they opt out. Garralda also advocated for improving the tax treatment of pension plan benefits and highlighted Mutua Madrileña's plans to expand its activity and diversify its business.