The volume of assets accumulated in individual pension plans in Spain increased by 931 million euros during June compared to May, reaching 101,848 million euros at the end of the month, driven by the revaluations of financial markets, according to data released by the employers' association Inverco.
The average year-on-year return of these products as a whole stood at 12.2%, with better performance in categories with a higher weight in equities.
By type of plan, equity plans registered a gain of 26.1% in the last year, 16.4% over a three-year horizon, and 10.8% over five years. In turn, mixed equity plans offered a return of 12.7% over a one-year period.
As for fixed income, short-term plans advanced 1.2% in one year, while long-term plans did so by 1.3%. Mixed fixed income products achieved a revaluation of 5.4% in the last twelve months.
If behavior is analyzed over broad time horizons, pension plans with an age of 20 years showed a net average annual return of 3.4%. In intermediate terms, of 10 and 15 years, gains stood at 4.8% and 4.7%, respectively.
On the other hand, Inverco estimates that in June, contributions of 112 million euros and benefits totaling 235 million euros occurred in individual pension plans.