2024-02-13 22:47:51
Four years following its launch, the Retirement Savings Plan (PER) confirms its status as an essential savings product for the French. At the end of the third quarter of 2023, the results are more than positive: more than 9,8 millions new PERs have been subscribed, and the outstanding amounts amount to more than 95 billion euros. This exceptional dynamic concerns both corporate PER, collective and mandatory, as well as individual PER, the latter alone capturing 55.2 billion euros outstanding and with more than 3.4 million holders.
An innovation resulting from the PACTE law
Introduced by the PACTE law to boost retirement savings in France, the PER was designed to be more attractive to savers while meeting the financing needs of businesses. Its success reflects the adequacy of this product with the expectations of the French in terms of preparing for their retirement, offering unprecedented flexibility and tax advantages.
A positive impact for savers and businesses
According to Bruno Le Maire, the success of the PER is not only a victory for French savers, who now benefit from a suitable retirement savings product, but also for French companies. The latter find in the PER a major ally to finance their long-term development, particularly in the context of major ecological and digital transitions.
More than just transferring old products
PER growth is not limited to the conversion of old retirement savings products. Indeed, almost half of the individual PERs opened correspond to new contracts, demonstrating the real attraction of the French for this retirement savings solution. This trend underlines the capacity of the PER to respond to a demand for diversification and security of savings with a view to retirement.
Perspectives futures
The success of the PER, illustrated by its rapid adoption and the sustained growth of its assets, lays the foundations for a profound evolution of the retirement savings landscape in France. This dynamism opens the way to further improvements to the system, with the aim of making it even more attractive and useful for all economic and social stakeholders in the country.
The PER is positioned as a leading retirement savings solution, whose success is based on its adaptability to the needs of savers and its role in supporting business financing. Its continued development promises to play a central role in the financial preparation of the French for their retirement, while contributing to the country’s economic growth.
In summary :
- The Retirement Savings Plan (PER) attracted more than 9.8 million subscribers and generated more than 95 billion euros in assets at the end of the third quarter of 2023, confirming its success.
- Introduced by the PACTE law, the PER aims to make retirement savings more attractive and to support the financing of French companies.
- The success of the PER is based on its adaptability to the needs of savers, with almost half of individual PERs resulting from new subscriptions and not transfers.
- Bruno Le Maire underlines the double advantage of the PER: an effective tool for preparing French people for retirement and a long-term investment support for companies.
- The sustained growth of the PER illustrates its central role in the evolution of retirement savings in France, benefiting both savers and the national economic fabric.
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