Since we learned that public funds were not infinite, saving for retirement have become more of a concern that sooner or later, should be addressed. Banks know this and that is why we insist on its famous pension plans, but are these really profitable? Do not believe the Organisation of Consumers and Users (OCU), which advises us to “not take the bait.”
Banks and thrifts argue the benefits of pension plans: the BBVA ensures that they return on our savings to benefit in the future and we get significant tax advantages in the present, while La Caixa and Caja Madrid, to name a few examples, added to the above arguments the security and flexibility they offer their products for retirement.
PENSION questioned
Very different is the opinion of the OCU, the organization recognizes that the pension plan contributions are tax deductible, but warns that, when the retirement, are reported as earned income, so the tax payable in the future would be more The savings in this.
From the OCU also warn about the lack of liquidity of pension plans and inform users and consumers that the management fees of these products are higher than those of mutual funds.
Are thus putting into question the profitability of pension funds: a 2008 study by IESE Business School-University of Navarra claimed that the average gain would have been higher betting since 1991 by government bonds or by bag.
PENSION PLANS MORE PROFITABLE
Despite the criticism, there are many people who see value in these plans. All they have to know that, according to a company report VDOS, the most profitable pension plans in 2009 are those that invest in international equities in emerging countries, especially Latin America and Asia.