People aren´t prepared that the robbers are in the bank

Something that seemed so difficult to understand has suddenly become pretty clear to me. I am talking about the savings 70% of the Swedish people are doing in funds for the retirement: Tonights show of “Uppdrag granskning” (a Swedish TV-show that investigates supposed injustices) showed that Swedes rank in the top all over the world when it comes to this form of investing money. They are putting all of their savings into pension funds and at the end they realise that they have given away approx 38% of their money to the bank because of all the fees?! Is this what we want to do?
They explained a lot of things in this show last night like noone are supposed to understand where the bank got their index from. They just want you as a customer to believe that you have put your money in a good place and feel safe even if the funds are hitting an all-time low. That is what they use this index to. They just want the reader to see the headline and that is meant to give you a good feeling. The journalist asked a retired CEO of a bank department, if he and his wife could understand the meaning of the information that followed with the fond payment at the end of the year. And not even they could understand the essence of the information. The reflection after realising what the real profit was: that they were trying to hide it and to make the fees invisible. As I see it the only winners here are the banks. Yesterday I was thinking about saving more, but now I am certain that I should save in other forms (like in the matress) or spend the money, but to do it myself. I can lose a great deal of money and I wouldn´t have lost anything if I would have done that since I don´t need to pay the bank fees any longer. Like one of the guests at this show said: “People aren´t prepared that the robbers are in the bank.“

All the best from me
Anna