A savings observatory, responsible for monitoring the evolution of fees and performance of retirement savings products, could soon see the light of day if the green industry bill is adopted. It will be based on the same model as the bank rates observatory. Bercy also plans to cap the costs of transferring old retirement savings products to a PER. Explanations.
A retirement savings observatory could soon see the light of day. In any case, this is what Bercy wants as part of its green industry bill which must be examined by the joint committee on October 9.
Among the measures proposed, the creation of a new observatory, based on the same model as that of banking rates, for monitoring of the evolution of costs and performance associated with retirement savings plans and the future Climate Savings Plan (PEAC). The latter should see the light of day in the first half of 2024. This observatory will be attached to the Financial Sector Advisory Committee, indicated Bercy Moneyvox.
The PER is a success… The Retirement Savings Plan is doing twice as well as expected
Transfer fees soon to be capped
At the end of 2022, Bruno Le Maire strongly criticized the excessively high level of fees charged by banks and insurers for the retirement savings plan (PER). A summary table of fees was put in place last summer in order to improve the transparency and visibility of savers regarding these fees.
In order to considerably strengthen the transparency of PER costs and therefore competition between players which exerts downward pressure on prices, Bercy also indicated that additional measures will be taken. The government plans in particular to regulate transfer costs from an old retirement savings product to a PER. They will be capped. The level of the ceiling will be fixed by regulation, added Bercy.