2022’s Annus Horribilis and 23-Year Performance Crisis Leave EU Citizens Struggling for Retirement Income

Brussels, 30 November 2023 — BETTER FINANCE, the European Federation of Investors and Financial Services Users, has released its Pensions Report 2023, uncovering the dire challenges confronting long-term and pension savers across 17 EU Member States in the aftermath of a tumultuous 2022.

In what is termed an “annus horribilis,” the report exposes the setbacks faced by savers, with disastrous returns observed across multiple product categories. The key finding is the worrying ongoing trend of inadequate nominal returns failing to compensate for inflation, resulting in a significant loss of purchasing power for countless European savers and investors.