Corporate retirement plans have not taken off sufficiently in Spain. Only the largest companies have been able to create and maintain significant yields on these types of plans, sometimes upward of 10%.
This is the case with six plans that affect 30,000 workers and have the most assets under management.
Cutting management commissions to 1.5% instead of 2% creates 9,000 euros in savings for each investor.
These investors will welcome the measure, which is far from a full solution at a time when struggling public pension plans are pushing workers toward private retirement options.