For 10 years now BETTER FINANCE points to the often-poor real net returns of long-term and pension savings (see the 2022 Edition of the Real Return) across a large number of EU jurisdictions. It is getting worse, and while a couple of years of poor performances can be made up for, the same can’t be said for 22 years.
Since the change of the millennium French unit-linked life insurances lost 8.4% of the real value of contributions, while a Latvian worker enrolled in an occupational pension fund (Pillar II) earned a measly cumulative +1% real net return over the last 19 years.