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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