BETTER FINANCE welcomes the fourth report on insurance and pension products' costs and past performance published by the European Insurance and Occupational Pensions Authority (EIOPA).
For the 2022 report, EIOPA received information on more than 760
insurance-based investment products (IBIPs). The research notes that
despite the challenges posed by the COVID-19 pandemic, "both insurance
and pension retail investment markets performed well". The shift from
traditional profit participation products to hybrid and unit-linked
products observed in recent years accelerated further in 2020. IBIPs
offered a consistently positive valuation in 2020, with unit-linked
products outperforming hybrid and profit participation products.
However, despite higher net returns, unit-linked and hybrid products
continue carrying higher costs increasing from 2019 to 2020. Due to the
socio-economic situation, expectations of rising inflation are also a
concern for consumers.
BETTER FINANCE will, for the 10th year in a row, delve
into the real net return of long-term and retirement savings in Europe
for its 2022 edition of The Real Return. Despite the fact that the
European Supervisory Authorities (ESAs) have a legal duty to collect,
analyse and report data on “consumer trends” in their respective fields,
“The Real Return”
Report remains the sole and unique study looking at the performance and
costs of long-term and savings products in the European Union.
Read the full EIOPA report here: Costs and Past Performance Report – 2022
Better Finance
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