In Brussels this year too, the European Federation of Investors and Financial Service Users (Better Finance) organized a high visibility press conference, and presented the only(!) objective report on real returns of European savings funds "Pension Savings: The Real Return" 2015 Edition.

The report, which was published for the third consecutive year with the support of the European Commission, is this time more comprehensive as it covers 15 European Union countries and shows that the lack of consumer trust is a direct consequence of the inability of many financial intermediaries to deliver decent long term returns. In addition to poor returns, excessive management costs, lack of information - both for savers and regulating authorities - about the real values of saved resources and the lack of comprehensive independent reports on real returns of such funds are particularly set out. 

The reforms of pension funds and savings across the EU, are espoused also by VZMD through the Better Finance – in so doing, the President, Mr. Kristjan Verbič, the Executive Board member of Better Finance, was also engaged in the last year's presentation (VIDEO), whereas this year he attended the important Annual meeting and conference of the World Federation of Investors (WFI), which simultaneously unfolded in Milan, Italy.