The Pension Plans that invest in equities obtained a return of 30% in May due to the positive performance of the markets. Guaranteed plans were down 2%. All in all, the average year-on-year return of Individual Pension Plans in May was 11.5%.
The increase in the value of assets was EUR 271 million, bringing total assets to EUR 85,201 million (EUR 84,930 million in April).
In the long term, the Pension Plans continue to record an average annual return (net of expenses) of 3.0% and, in the medium term (10 and 15 years), they show a return of 3.5% and 2.3% respectively, in addition to positive returns in all periods, especially at 1 year, where the average return net of expenses and commissions reaches 11.5% per annum.
The estimated volume of contributions in May was 174 million euros and the estimated volume of benefits was 202 million euros, bringing the net benefit volume for the month to 28 million euros.
News: Insurance News 15/06/21