MSCI world hat positive returns in all but three years since 2007: https://www.msci.com/documents/10199/178e6643-6ae6-47b9-82be...

Granted the -40% in 2008 were brutal, but even that would have been compensated in a few years.

Most pensions aren’t going to give you more than 1-2% over the risk free rate. You’re better off aiming to save another x% more of your after tax income and investing through your pillar 3 equivalent (IRA in the states) and, once your tax advantaged plans are maxed, through your own account.