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HomeLatest NewsAldama (Inverco) asks the future Government to "rebuild" the pension plans

Aldama (Inverco) asks the future Government to “rebuild” the pension plans

Date: February 28, 2024 Time: 18:09:09

Inverco has held its general assembly this Wednesday in which it has brought together the members of the investment fund association, a meeting that has taken the opportunity to ask the future Government for seven reforms that help promote collective savings, among which are the reconstruction of individual pension plans. Specifically, the president of the organization, Ángel Martínez-Aldama, has established a “rebuild” of individual pension plans.

The measure that reduces the maximum deductible in personal income tax from contributions to 1,500 euros, has been very critical since its implementation and has become relevant given the race against time by the Ministry of Inclusion, Social Security and Migrations to implement the “macrofund” of employment pensions before the elections of July 23.

In this sense, it has charged against the treatment of investment funds in terms of supervision and regulation as “if bank remains”. During his speech, Aldama also commented on the measures imposed from Brussels in terms of retrocessions (as commissions for the sale of investment products are known), which although he has relaxed his initial proposal and does not prohibit them, he has vetoed them. selling products without advice. In this regard, he has questioned the reform and believes that it can be “improved” in order not to “close” his access.

In the same way, it has also raised the exemption from taxation of capital gains from real estate sales when the money is used for a pension plan, put a limit on the redemption of savings used for retirement or beneficiary the redemption of financial savings of the families both in the general regime of capital gains and in the special regime of assets for retirement. Likewise, it has made a call to promote saving money with criteria focused on sustainability and promote alternative investments.

“Guarantee legal security”

Aldama has been accompanied by the sectoral vice secretary of the PP, Elvira Rodríguez, who has lamented that said ‘macrofund’ does not have a regulation in force yet to get it going and the individual plans do. In this sense, she has lamented that the ‘coup’ to encourage these products, since they serve as a long-term savings mechanism for the Spanish economy, “something in which there is not much left”.

In a speech riddled with ordeals to the current coalition executive, which she reproaches for “its attacks on the financial sector”, the former president of the CNMV, has described as “persecution” the regulatory changes relating to socimis and sicavs, which have almost resulted in the extinction of the second after forcing this investment vehicle to pay 25% instead of 1% if they do not have at least 100 partners with an investment of at least 2,500 euros each. Thus, she considers that the ideal would have been to promote regulations that promote its transparency.

In his opinion, from La Moncloa the least possible obstacles should be placed on investment in order to design an ecosystem that “generates wealth”, as well as guarantee legal certainty, while he has warned that Spain is experiencing an “investment flight”. “The regulator has to put himself in the shoes of the regulated without losing the perspective of financial rights”, he specified, to conclude by asserting that “changing the paradigm of the market economy does not bring anything good”.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Puck Henry
Puck Henry
Puck Henry is an editor for ePrimefeed covering all types of news.
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