A long-term savings product complementary to the state Social Security pension, aimed at employees in the Spanish aviation sector. The Mutual Benefit Fund is currently made up of more than 24,000 employees from leading companies such as Iberia, Lufthansa, SAS, Groundforce, EasyJet, Air France and KLM. We have been managing financial savings products for retirement for more than 40 years. In this time we have processed more than €1.3 billion in benefits (mainly for retirement, disability and death).
We address the needs of people who are active in this sector and who aim to maintain their standard of living after retirement. We also work closely with airline companies concerned about and interested in actively participating in the future assets of their employees.
Our Mutual Benefit Fund offers both parties the chance to participate in one of the 10 largest portfolios of assets managed for social welfare (employment system) in Spain, with capital exceeding €1.328 billion.
Investment result over €8 million
Payments to pensioners, more than €87 million
Management fees directly and exponentially influence the growth of your capital. You get the same final benefit with a smaller investment.
Here, we compare the impact of the management fees of our Mutual Benefit Fund (0.3%) with those of a plan that will apply the maximum allowed (1.75%). As this graph shows, to save a capital amount of €100,000 over 35 years at an average annual return of 5%, the savings effort of a Loreto Mutua Mutual Benefit Fund member would amount to only €32,312, 30% less than the capital needed to invest through an individual plan with the maximum management fees.