Pensions In Spain: A Bleak Outlook
Why does the State not allow future pensioners who save and invest on their own behalf to have the same tax advantages as funds? I had the feeling they were ripping me off. And now I am certain.
In the period from December 2002–December 2017, the Ibex 35 provided a return of 226% (annual average of 8.19%). The return on the 15-year goverment bond was 97% (annual average of 4.61%).
The average return on pension funds was 60% (annual average of 3.03%). Amongst the 356 pension funds with 15 years of history, only 4 beat the return on the Ibex 35 and 47 that on 15-year government bonds. One fund posted a negative return.
Read More: The Corner
