Amundi Investor Presentation
PACTE LAW
The Pacte Law: two channels for the French retirement schemes
Harmonizing and simplifying the retirement schemes
(so-called "PER" - Retirement Saving Schemes)
The four common characteristics
BEFORE
ΜΟΝ
The corporates' schemes
Direct subscription by the
PERCO
PERE (ART.83)
PER/CORPORATES
PER COL
through
Employee
Saving
Schemes
PER OB
through Defined
Contribution from
employers
savers
PERP/MADELIN
1
Tax deductibility from income base for the
voluntary contributions from individuals as of
end-2019 (1)
2
Flexibility in the exit term in annuities our lump sum
(2) and options to exit before the term with some
conditions(2).
PER
3
PER INDIVIDUAL
PERI
through
individual
subscriptions
A tailor-made solution thanks to life cycle
management dedicated to retirement saving
schemes: << gestion pilotée des placements
dédiés à la retraite >>
Transfer is possible between various retirement saving schemes
The PER is portable regardless of career path, job
mobility and unemployment period.
Addressable market by asset managers
(1) Up to 10% of the yearly income base of the tax household
(2) Except for the defined contribution from employers (PER OB)
58 Amundi Investor presentation | November 2020
Amundi
CRÉDIT AGRICOLE GROUPView entire presentation