3 ms·

Then you're really being cheated, if you're "saving for a pension you will never receive." What country/company is this?

• Aaargh20318 10y ago
  Of course I'm being cheated, isn't that the entire purpose of financial institutions ?
  • empthought 10y ago
    They will cheat you off of interest, so in that sense, yes, but "a pension you will never receive" is outright theft if true. I don't know why you would believe that your pension would not be paid out at all. It makes no sense for any party involved; it's much better for all involved for you to have that money to spend it in the economy again.
  • dx034 10y ago
    Financial institutions are private businesses. No one forces you to have a contract with them. Current accounts are very competitive in most countries (i.e. loss making for the bank), all other products are voluntary.