2023-10-17 15:30:46
The French Financial Management Association (AFG) revealed that the French invested 180 billion euros in their employee savings plans at the end of June 2023, recording a historic peak. This sum exceeds the previous record of 167.6 billion euros from December 2021 and represents an increase of almost 11% compared to the end of 2022. The first half of 2023 saw a payment of more than 14 billion euros into company savings plans (PEE) and collective retirement savings plans (PERCO and collective PER). These payments mainly come from profit-sharing (5.4 billion euros) and participation (4.8 billion euros) schemes, and increased by more than 9% compared to the first half of the previous year. .
A historic peak for employee savings
The AFG also notes an increase in the number of companies offering these employee savings plans, particularly in the VSE/SME sector. Currently, 386,800 companies (+5.2% over one year) have such a system, of which 215,500 (+9% over one year) exclusively offer company retirement savings schemes. The collective PER, created by the Pacte law in 2019, continues to gain ground with 3 million savers and an outstanding amount of 21.5 billion euros.
The government wants to accelerate the trend
The government wishes to go further by extending these measures to companies with 11 to 49 employees, provided they are profitable. A bill on corporate value sharing was adopted in the National Assembly last June and will be discussed in the Senate. This project includes an article requiring employee savings plans to offer at least one so-called “committed” fund linked to the energy transition or socially responsible investment.
The AFG indicates that two-thirds of flows are directed towards equity-focused funds, which suggests that savers use these devices in a medium to long term perspective. Managed management represents 38% of outstanding retirement savings. Sustainable funds stand at 66.6 billion euros and recorded payments of more than 2.8 billion euros in the first half of the year, an increase of 14% compared to June 2022.
1697581231
#ends #months