Life insurance: Afer used 3.20%, down but still ambitious – Insurance News Pro

Life insurance: Afer used 3.20%, down but still ambitious – Insurance News Pro

The French association of pension savings (AFER) announces a return of its euro fund 3.20%. For the first time in its history, the association will turn 40 next year, has made a provision for bonuses 80M euros.

Neither the economic, nor the recommendations of Christian Noyer, will have done Afer reverse the policy. After a 2013 rate of 3.36%, Afer is paid twice a luxury out pay rates of 3.20% and an endowment to PEP 80M euros (0.20 yield point). “ A good rate, very good, natural is not artificially inflated ,” said Gérard Bekerman, president of the Afer. And about this provision for profit participation, he mentioned that the association “could have done much more if our partner (Aviva, note) had kindly make more gains” .

This innovation made possible since 2008 through an amendment of the articles of association, allows to consider the future. For this, in the current economic context is necessarily somewhat shiny, despite capitalization reserve “ equivalent to 1.75% yields ,” according to Gérard Bekerman. “ Given the market uncertainty, the international climate, it seemed important to us to provide a PPB, it is a matter of prudence and wisdom ,” further stated Mr. Bekerman.

For the future, especially considering Afer drag UC customers. Aviva plans to release for the month of June 1 eurocroissance dedicated contract, “ with 0.89% loading fee ,” announced Nicolas Schimel, the CEO of Aviva France. The fund AferImmo is back in a few days. Especially, as he announced last year, Mr. Bekerman and Afer found on tender controlled by Aviva Investors, a manager for a “small actions” background. Partnership past Ardian (formerly Axa Private Equity) should also increase the share in euros private equity funds.

With a flow of 18% of UC in 2014 Afer started this shift which will allow its members to find the yield. Especially since these derniesr are ever more numerous and faithful. The average holding period announced by the association is 17 years, the number of members is 716,000, an increase over the year. The collection has increased from 10% to 2,2Mds euros to lower redemptions from 10% to 130m euros and 848m paid in respect of death.

Finally, Afer spent Afer a deal with distribution networks, with 90% of the signatories intermediaries. This agreement allows a participant transéfrer his contract a consultant to another.