Pension funds, yields down by 10%: for the severance indemnity revaluation of 8.3%. The comparison
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Pension funds, annual returns up to 11.5% decline
2022, a black year for all forms of use of savings – shares, bonds and liquidity – also had a heavy impact on the returns and assets of supplementary pension funds. According to the Annual Report of the Supervisory Commission on Pension Funds (Covip) at the end of 2022, the resources accumulated by supplementary pension schemes amounted to 205.6 billion euros, down by 3.6% compared to the previous year due of the negative performance of the financial markets. On average in 2022 the yield for traded funds was negative by 9.8% for open funds, by 10.7% for others and by 11.5% for new Pips.
Jun 11, 2023
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