Promising initial results for the savings vehicles of the future

We are focused on revitalising our savings solutions, with brand new offerings, next-generation unit-linked and euro-denominated funds, and a fresh purpose.

Building trust in unit-linked vehicles in Italy

CNP UniCredit Vita has pulled out all the stops to promote enhanced-return savings.
It has introduced dedicated sales and marketing arrangements, with advisors explaining the benefits of investing over the long term. It has built an extremely diversified 100% unit-linked range directing savers towards assets matching their target exposure and risk profile. The stock market turbulence caused by the health emergency did not trigger any panic selling or wholesale withdrawals, illustrating the greater maturity of Italian savers. A new multi-vehicle solution was launched in early 2020 to round out the range. It combines the safety of euro-denominated savings (up to 50%) with the potentially higher returns of unit-linked investments plus a guaranteed minimum payout in the event of death. By early June, multi-vehicle life insurance inflows had risen 20% compared with the same period of 2019 despite the crisis.

CNP UNICREDIT VITA

  • 62% of policies in force invested in unit-linked investments
  • 71% of 2019 premium income derived from unit-linked policies

Striking the right balance with Pergola 90

CNP Patrimoine’s wealth management specialists have now been brought together with the investment engineering teams. Thanks to the closer relationship between them, we can draw inspiration from existing products and innovations previously reserved for high-net-worth individuals and replicate them so that everyone has access to investment vehicles of a type and calibre that high-end investors have come to expect. The secure Pergola 90 vehicle is the first example. It can harness opportunities in the financial markets while locking in a floor value of 90% of the highest level recorded by the investment and providing the daily liquidity that allows investors to exit at any time. It was originally launched in late 2019 for CNP Assurances’ high-net-worth clients, and a mainstream version will be introduced during 2020 with an attractive balance between guarantee and returns.

Investing with a purpose via Easy Actions Citoyen

EasyBourse, La Banque Postale’s online broker, now offers investors the chance to view the environmental and social footprint of their investment if they set up an EasyVie life insurance policy with a 100% SRI management agreement. Savings are invested in funds with the French Government’s SRI accreditation, and a non-financial management report is published semi-annually so that investors can track the positive impact of their savings, including CO2 emissions, water consumption, workforce trends, etc. A minimum investment of just €500 applies to this management agreement that “does the right thing”.