Longer life expectancy and the precarious balance between active and retired population have been the leitmotifs of successive retirement reforms for two decades. Consequence, it represents a great unknown and a real uncertainty for many French who observe it with a certain fatalism.
wonder how old they will have to work. Their parents are wondering
on the income that will be theirs. Non-employees even doubt to benefit
of any retreat. A concern all the more legitimate since, according to
INSEE, 66% today, the average pension will only represent
48 to 57% of the average salary in 2060.
Yet adapted solutions
and safe exist to prepare a comfortable and serene retreat. With
the coming of the Pact Act, we can even say that
employee savings will be reinvigorated by proposing
simplified, harmonized, both safe and attractive.
The 3 prerequisites for a good retirement
As pointed out recently
the study Schroders
Global Investor Study on retirement, many French
greatly underestimate the income they will need to live a retirement
peaceful. Very boring when you know that it will be cut in half by
compared to the last salary. It is however quite simple to anticipate and
to avoid unpleasant surprises.
The first thing is to get there
take it as soon as possible. Either, retirement seems far away when
we are 30 or 35 years old, but the longer we anticipate, the less intense the effort and the more
the return on investment is substantial.
your retirement in a life project. It's up to you to take the necessary step back
your current and future situation, personal, family and heritage.
Retirement savings must be part of a strategy that will build on
parallel on land or tax exemption. Because, be it under the
form of capital or annuities, your retirement savings should be conceived as a
Finally, you have to choose the
best partner (insurance, bank) to grow your savings
retirement. Of course, it is important to learn about the financial strength of
this one. Nevertheless, the severity of the regulations, particularly with regard to
your own funds, protects you from the disillusionment of savers
Americans with every financial crisis. Your choice will therefore be rather on
criteria such as the advice and support offered, or the amount
French inclined to invest more in retirement savings
Undeniably, aware that he
they must act, more and more of our fellow citizens take the measure of
the issue and are willing to save more for their retirement. Provided that
to have clear information and to be well accompanied. It's in everyone
case that emerges from the study conducted by the polling institute Audirep for
Amundi's account and entitled "savings
retirement is evolving, did you know?".
In this study, 58% of
respondents are willing to save more in a product
retirement. They are even 38% ready to transform all or part of
their current savings (PEA, life insurance, …) in retirement savings. To note
for 59% of them, the first investment criterion remains the
perspective to see his savings improve with limited risk. It is
exactly what the Pact Act should do by making retirement savings
more accessible and more attractive.
Why should the PACTE law revitalize retirement savings?
In all likelihood, the law
The Pact will enter into force in early 2019. It should redraw the contours of
retirement savings and give it back its attractiveness. By relying on
devices that take into account the changes that are going on in our society and
our economy. Using these as levers for funding
French companies. By grouping all the devices – PERP,
PERCO, Madelin, PERE (law 83) – under the same banner that will follow each of
us during all his active life. Finally, by registering retirement savings
around 3 strong axes, to simplify, harmonize and soften the rules
First axis, the generalization of
managed management for all devices. It should allow
provide more attractive return prospects for savers
since it will take into account the profile and investment horizon of each.
The closer the retirement, the less risky the investment will be. favoring
Initially investing in equities, savings will slide
progressively towards bond and money market investments.
Second axis, propose
more attractive products by making them simpler, by harmonizing the rules,
for example by making possible the portability of retirement savings to a
Finally, third axis, give more
of freedom to savers by leaving them the choice between an exit from their
savings in the form of annuities or capital – whatever the product chosen –
and this even in advance in case of purchase of a principal residence.
With the Pact Act, all
conditions seem to be there to encourage the French to prepare a
comfortable and serene retirement, built on a profitable and safe savings.