Paris, 20 april 2015
On 4 May, 2015, Natixis (BPCE Group) subsidiary Banque Privée 1818 and CNP Assurances will launch Sélection Cinto, a new endowment contract designed for the wealth management market. Developed by CNP Assurances in partnership with QIS – Quality Insurance Services – and Banque Privée 1818, it will be distributed by Banque Privée 1818, the Sélection 1818 team and the BPCE Group's life insurance teams.
When it came to creating a premium product offering both management approach flexibility and investment portfolio diversity, private banking specialist Banque Privée 1818 turned to the highly professional teams at CNP Assurances and QIS.
Closely aligned with the needs of high net worth customers able to invest at least €250 thousand who want to optimise their investment strategy and diversify their portfolio, Sélection Cinto combines the security of a traditional savings product with the diversification power of a regularly updated range of unit-linked funds (invested in such instruments as mutual funds, stocks and shares, EMTNs and dedicated property funds).
Sélection Cinto also offers a comprehensive choice of management approaches, including customer-led, guided customer-led (available to direct customers of Banque Privée 1818), discretionary and manager-guided. For additional flexibility, customers are not limited to one management approach per contract.
The customer-led approach includes a wide variety of management options that allow customers to personalise their contract. They can also choose between four no-fee automatic transaction options (gradual scale-up, capital gain lock-in, relative stop loss and regular asset-allocation rebalancing).
To protect the capital that will be passed on to the policy's beneficiaries, Sélection Cinto offers four capital guarantees whatever the selected management approach.
A more tax-efficient "contrat de capitalisation" version of Sélection Cinto is also available, which can be included in a tax-advantaged PEA personal equity plan invested in large or mid cap stocks or in SMEs. This solution enables customers to benefit from the contract's attractive features while also choosing the most tax-efficient method of meeting their asset management objectives.
Sélection Cinto contracts can be purchased using an intelligent pdf form, a technological innovation that represents a significant time saving.
Back-office processes are managed by QIS – Quality Insurance Services – an innovative third-party life insurance administrator with 15 years' experience in the premium contract segment.
"Banque Privée 1818 is expanding its wealth management offer for private banking customers, with a high quality product signed CNP Assurances and QIS – Quality Insurance Services" said George-Eric de la Brunière, Banque Privée 1818's CEO.
"With Sélection Cinto, Banque Privée 1818's private banking customers will be offered an innovative product to help them to build capital for their retirement or to pass on to the younger generations, or simply to diversify their savings. They will benefit fully from the portfolio optimisation and management expertise of the bank's teams" added Laurent Jumelle, director of the wealth management department at CNP Assurances.