As expected, the increase in return on euro funds is also effective for the most subscribed contracts. By exceeding the 2% threshold, with an average interest rate of 2.04%, BNP Paribas CARDIF is thus turning the page on the darkest years of euro funds. These interest rates are now only expected to rise in 2023 with the sharp rise in government bond yields.
” Our quality of management and our high level of reserves will enable us to continue to offer a solid fund in euros for the long term with a competitive interest rate for the largest number. said Fabrice Bagne, Deputy Managing Director of BNP Paribas Cardif, responsible for France and Luxembourg.
Strongly increasing yields
BNP Paribas Cardif publishes an average rate of 2.04% for 2022 against 1.21% the previous year. The average interest rate for 2022 for BNP Paribas Cardiff’s euro funds has thus increased by +68.59% compared to 2021. ” 94% of the contracts benefit from a rate of 2% excluding administration fees and gross social security contributions, plus the possible bonuses depending on the part invested in units of account (UA) “, reads the press release.
Price information for 2022
that the rate of return of the CARDIF euro fund, insured by CARDIF, published in 2023 and used for the year 2022 is 2,000% (minus administration fees, gross social and tax deductions). CARDIF’s net return is 1.66% excluding social contributions. The previous dividend published in 2021 was 1.100%, an increase of 90 basis points or a change of 81.82%. The average return on the CARDIF euro fund, over 8 years, is 1.52% (net of management fees, gross social and tax deductions, algebraic average, non-capitalized returns).
| Contract | Euro funds | 2022 course published(1) | 2021 course published | Amendment 2022 in PdB (2) vs. 2021 |
Prices 2022 net for the saver(3) |
Amendment 2022/2021 |
|---|---|---|---|---|---|---|
MULTIPLACEMENT 2 Fees on payments reduced to 0% on terms. |
CARDIFF | 2,000%
BONUS AVAILABLE
Possible performance bonuses subject to conditions. Increase of +0.350% if the distribution in units of account is between 35.00% and 45.00%. Increase of +0.450% if the distribution in units of account is between 45.00% and 55.00%. Increase of +0.550% if the distribution in units of account is between 55.00% and 100.00%. |
1,100% | 90 PdB | 1.656% | |
PRIVILEGE MULTIPLACEMENT Fees on payments reduced to 0% on terms. |
CARDIFF | 2,000% | 1,100% | 90 PdB | 1.656% | |
|
(1) The fund’s published exchange rate in euros, excluding administration fees, gross of social and tax deductions. (2)PdB: Base point. Year-to-year change in returns, in basis points (1 basis point = 0.01%). (3) Net results for Eurofunds, net of management fees, net of social contributions. Capital gains taxation remains potentially applicable to redemptions made outside the conditions for the use of the benefit (see life insurance taxation). |
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BNP Paribas Multiplacements Privilège, BNP Paribas Multiplacements 2, Cardif Elite and AEP Nova Strategies contracts pay a gross rate of social security and tax contributions of 2%, an increase of 90 basis points compared to 2021.
2022 performance bonuses
| Life insurance | Offered bonuses 2022 and conditions | Latest published returns, excluding bonuses (7) | |||||
|---|---|---|---|---|---|---|---|
| Bonuses (1) | Affected financial flows(2) | % of the contract in units of account | Total contract amount | ||||
| % min UC(3) | % max CPU(4) | Minimum capital(5) | Max. capital(6) | ||||
 Multiple placements 2 Fees on payments reduced to 0% on terms. |
+0.350% | New installment | 35% | 45% | €10,000 | €5,000,000 | 2,000% gross PS
1.66% net PS |
| +0.450% | New installment | 45% | 55% | €10,000 | €5,000,000 | ||
| +0.550% | New installment | 55% | 100% | €10,000 | €5,000,000 | ||
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List of contracts sorted by insurance company name. (1) : Dividend in basis points to be added to the Eurofund’s dividend (expressed in %) or bonus calculated by the Eurofund’s dividend multiplied by the multiplier coefficient (expressed as a multiplication, for example: x 0.40, to indicate an additional bonus of 40% of the return on the Eurofund). (2) : Indicates whether the performance bonus is available via one or more new payments, or whether it is only available via arbitration, or whether it applies to all the capital invested in the relevant Eurofund under the specified conditions (split of the outstanding amount over the units of account). This check can be carried out by quarter, average over the year (case of Generali). (3) : Minimum allocation of capital in units of account to be eligible for performance bonus. (4) : Maximum allocation of capital in units of account to be eligible for performance bonus. (5) : Minimum amount of capital that must be paid or settled to be eligible for the performance bonus. (5) : Maximum capital amount eligible for performance bonus. (7) : Last return, excluding bonuses, after deduction of management fees and gross of social contributions, and on the next line, this same return after deduction of management fees and net of social contributions.
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For 2023 and 2024, this BNP Paribas Cardif performance bonus program has been renewed. Find all the details on our 2023 Life Insurance and PER Insurance Performance Bonuses page.
The new offer to improve the return of the Eurofund is available within the following BNP Paribas Multiplacements contracts:
- BNP Paribas Multiplacements 2, BNP Paribas Multiplacements Avenir,
- BNP Paribas Multiplacements Privilège, BNP Paribas Multiplacements Privilège Plus,
- BNP Paribas Multiplacements Privilège Donation, BNP Paribas Multiplacements Diversified,
- BNP Paribas Libertéa Privilège, BNP Paribas Libertéa, BNP Paribas Multiciel Privilège,
- BNP Paribas Multiciel Privilege 2(1), BNP Paribas Antin Multiciel Privilege(1),
- BNP Paribas Antin Multiciel(1), BNP Paribas Antin Multiinvestments,
- BNP Paribas Antin Multiplacements Privilège, GF Croissance, GF Placement, Major Life 1,
- Major Life 2, Select Life 2, CARDIF Multi Plus (ex Groupe), CORTAL Major Plus,
- Major Plus, Major Plus Group, Major Plus Pep Group, Major Plus Pep,
- Major Plus Group 2.
Offer available from November 22, 2022 to December 31, 2023. This offer may end at any time. It can be combined with other current offers.
Returns PR
On individual insurance PERs, the Eurofund’s return is also 2% for the year 2022. The Eurofund also benefits from the return bonus offer, up to 0.55% excess return.
The following PPB
Reserves in life insurance, the provision for profit sharing (PPB) remained almost flat at €5.7 billion, or 6.78% of outstanding.
Pension savings reserves (now legally separated from life insurance since 1 January 2023) remained stable at €483 million, or 6.41% of outstanding at the end of 2022.
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