The battle of rate boosts bankbooks resurfaced. Life insurance unit-linked funds that could disappear. And the end that is looming for the 10% discount or malus Agirc-Arrco. Here are the 3 facts to remember this Monday, September 4, back to school day.
Booklets 5%, the return
No, this time it’s not a scam! For years, the promise of a 5% booklet was synonymous with a scam to flee. We must of course remain vigilant in the face of proposals that are too good to be true… But with the rise in rates and regulated passbooks (3% for the Livret A and 6% for the LEP) again very attractive, the bankbooks – marketed by big banks, brokers or well-known online banks – are back in fashion. In order to follow the increase in yields, some display base rates close to that of the Livret A, and others display promotional rates of 4% or 5% for a few months. These savings accounts may well be subject to tax, but they are becoming competitive again, especially for those who have already raised their Livret A to the ceiling.
Up to 5% return: the race for the best booklet is relaunched
Probable end of the Agirc-Arrco malus
The famous Agirc-Arrco penalty, which cuts into your supplementary for 3 years even if you leave at full rate, was suspended. MoneyVox has already told you about this soap opera, totally relaunched by the pension reform. As the legal age rises, this incentive to work longer is no longer useful. Before the summer, the unions were already convinced that this penalty would be removed. It remains to be seen what will happen to those who have retired since 2019 and who are already suffering from it.
Supplementary retirement: imminent end clap for the Agirc-Arrco penalty?
Life insurance: funds on borrowed time?
It is a decision of the Prudential Control and Resolution Authority (ACPR). By the end of 2023, insurers will have to guarantee that the units of account (UC) referenced in life insurance contracts present a cost/performance ratio sufficiently protective of the interests of customers. Result: small bottoms (in the first place) will probably be dereferenced, failing to enter the nails.
Life insurance: these units of account which will disappear in 2024
Bonus: school insurance, new contract or not?
On this back-to-school day, here is the article – published last week – to read or reread when it comes to going through the paperwork after school starts: