Why is it important to take out a pension plan for retirement?

 An individual pension plan is a long-term savings product designed to help you prepare financially for retirement. Its main objective is to generate savings that complement the public Social Security pension, helping you maintain your standard of living after retirement. By investing in a pension fund, your money is managed by a management company and held by a custodian institution, with the aim of obtaining returns adjusted to the level of risk according to the chosen asset allocation strategy.