In the five years since I started my pension with them, they’ve lost money in two. It feels pointless to entrust your hard-earned savings only to see them diminish due to poor investment decisions. Despite claiming on their website that even in a pessimistic scenario, you should see around 2% annual growth, there’s no guarantee of this, and instead, you end up losing money. They seem to manage my money without accountability or legal consequences. Considering inflation, the situation worsens as your savings effectively lose value. Private pension funds appear to be nothing more than a scheme to extract money from individuals. By comparison, I could achieve returns of 5% AER through savings accounts or tax free returns of 6.8–7.8% annual growth by investing in bonds. If I, an ordinary person, can secure such returns, how can these professionals—with their expertise—fail so badly? It’s absurd.