Spanish investors should be encouraged to save as much as possible to continue improving levels of financial security of retired individuals, according to findings associated with the latest annual Natixis Global Asset Management Global Retirement Index report.
Norway, Switzerland and Iceland were identified as the top three countries in which to be retired, out of some 43 countries surveyed for factors/indicators including health, material well-being, finance and quality of life.
Overall, Spain gained four positions since last year and ranks in 33rd place with a 57% score. Although the report reflects an improvement as the unemployment rate has dropped since 2015, the country still scores second-lowest on this indicator.
Government indebtedness is seen as a key factor behind Spain’s bottom 10 position regarding the state of finance.
One finding of the study overall is that investors across the markets should look for alternative ways of saving money in order to bolster their retirement pensions, and this is particularly poignant when it comes to Spain, according to Sophie del Campo, head of NGAM for Iberia, LatAm and US Offshore.
“We need to encourage Spanish investors to save as much as they can to secure a better retirement. But we also need financial companies to offer Spanish individuals enhanced savings products,” she said.
“It is among our responsibilities, as asset management experts, to provide the best options to Spanish investors.”
ESG investment products seem to be crucial in order to rise savings all over the world. This conclusion arises from another Natixis ’report which found out that 75% of global investors seek a correlation between where they invest and what this reflects about their personal values.