Contributions to pension plans lose individual appeal among investors. 10% of savers since 2019 this type of product.
The IV Observatory of Savings and Investment in Spain, which is produced In the last twelve months, the number of savers has remained stable, although there is a predisposition to look for alternatives. Investment funds, shares and deposits appear as the favorites among those surveyed.
This situation has also led to a rise in company pension plans. If in 2019 just over 12% declared having one, the number has risen and up to a fifth of the sample already has one. Most are in favor of companies having this type of product for the employee, but offer it as an option.
The response of those surveyed, which includes people over 35 years of age with an income of more than 35,000 euros and young people between 25 and 34 years of age who receive an income from work above 22,000 euros, contrasts with the result, since pension plans channel most of the investments, without differences by region.
Young people put sustainability before profitability
Said report has also detected a change in trend when preparing the investment strategy, which is acquiring ‘green’ overtones. Specifically, it has detected that the youngest segment gives much more priority to ESG criteria in its choice, and even puts it before the profitability that a certain product can give it.
This has been increased by at least 40% of people under 34 years of age, to the detriment of those who exceed that age threshold, in which the percentage is reduced to 30%. ESG criteria are a great unknown for almost eight out of ten investors. However, of the sample that does handle the terms, they give much greater importance to social and environmental factors than to corporate governance.
More than a third have invested in cryptocurrencies
Cryptocurrencies also make a name for themselves among investors. Up to 34% of investors admitted having or having had this type of asset in their portfolio, a percentage that rises to 50% in the case of the younger generations. 4% of your total money.
In this regard, the president of the CNMV, Rodrigo Buenaventura, has announced that the new regulations that will regulate these digital currencies will not eliminate the risk. During his speech at the presentation of the event, it was detailed that MiCA represents a “miniature version” of the capital market regulations, MIFID, which barely legislates on two or three steps below what is required of the instruments regulated. In this sense, he only sees the use of ‘crypto assets’ that replicate certain financial products, because they represent “the true digitization of the markets.”
