Insurer Previsión Sanitaria Nacional (PSN) announced that its pension plans outperformed the market in terms of profitability. The final retirement savings products of PSN, which has managed these vehicles for three decades, reap a return that even reaches 15% compared to the sector average in the same category, according to an analysis of 930 plans and EPSVs currently marketed.
To illustrate this further, PSN Individual, the blended-aggressive variable income PSN pension plan, which invests 75% in variable income and 25% in fixed income, achieved an annualized return of 5.46% as of over the last 5 years. This translates, from a plan with accumulated savings of 50,000 euros, into additional profitability of 7,516.81 euros over this period, indicates the insurer.
In the case of a more conservative pension plan, such as PSN Renta Fija Confianza (100% fixed income), the annualized return over 5 years is 1.04%. So, with the previous example of 50,000 euros, today we would have a profitability of 2,889.55 euros higher than the sector average in this same category.
Finally, with the PSN Associate retirement plan, framed in the Mixed-Defensive category (invests 25% in variable income and 75% in fixed income), an annualized return of 2.44% would have been obtained over the last 5 years, which would have meant additional profitability of 4,848.45 euros compared to the sector average.
“When it comes to long-term savings, it is essential to analyze extended periods that allow us to assess that the results are solid and not the result of specific circumstances. With the aim of attracting the plans of other entities , the PSN is currently leading a campaign which rewards pension transfer plans, PPA or EPSV with up to 3% additional of the amount transferred”, explains in a note the entity, which has 100,000 mutual members and manages assets of 1,500 million.
