April 27, 2021
Matmut Group is building a position as a recognized provider of protection insurance, savings and wealth management solutions for its members. As part of this strategy the mutual insurance company is launching an individual retirement savings plan in partnership with BNP Paribas Cardif, branded “Complice Retraite”. The new offer, which joins Matmut’s portfolio of savings solutions, features financial management aligned with specific investment horizons, broad accessibility and personalization.
The PACTE legislation to stimulate business growth introduced in France in 2019 created new opportunities for retirement savings, authorizing individual retirement savings plans. This solution enables both individuals and self-employed professionals to build up supplemental retirement savings.
Matmut wanted to propose a simple and easily understandable retirement savings solution for all interested members. AEP, the BtoB trading name of BNP Paribas Cardif and a leading player in savings solutions for high net worth individuals, designed Complice Retraite, the new individual retirement savings plan marketed by Matmut. matmut.fr/epargne-credit/plan-epargne-retraite
The Complice Retraite plan will initially be distributed by Matmut group wealth management advisors before becoming available through all the insurer’s branches in 2022.
As for the Complice Vie life insurance product, which was also designed with AEP teams, this offer is based on a partnership approach.
“Matmut Group has now established a position as a full-service insurance provider by covering the personal finance needs of our members. Following the enactment of France’s PACTE law in 2019, we quickly identified the potential of individual retirement savings solutions. This product offers key advantages as part of a global savings and wealth management approach for our individual members and for members who are self-employed professionals,” says Tristan de La Fonchais, Matmut Group Deputy general manager, Finance and Wealth Management
In addition to financial management with defined investment horizons (three risk profiles) designed to progressively secure customer savings over time, as well as tax benefits, Complice Retraite has several attractive features:
accessibility, thanks to defined contributions from 50 euros per month or an initial contribution of 500 euros;
personalization, with definition of a specific investment management profile, minimum guarantee provisions in the event of death, a mortality table option and an option to suspend contributions in the event of inability to work for self-employed individuals.
“To address the profound transformations in the retirement savings market and provide relevant responses to the needs of their customers, BNP Paribas Cardif and Matmut, which are already partners in non-life insurance, have extended their collaboration to savings. BNP Paribas Cardif is committed to making insurance more accessible thanks in particular to simple solutions and a comprehensive portfolio of products and services,” commented Fabrice Bagne, Head of BNP Paribas Cardif France.