What exactly is going on at Suravenir? The star online life insurance euro fund, Suravenir Opportunits, will soon be closed, as a broker announces, confirming what has so far been a nagging rumor. According to our information, the insurer is preparing a second generation of its two euro funds dedicated to brokers and online banks.
Voil, it is finished. This Monday, January 10, the clients of the broker Linxea – at least those who have a Linxea Avenir contract there – received a flash info that looked like bad news. The insurer informs us that from April 1, 2022, its Suravenir Opportunits fund in euros will no longer be accessible. You will therefore only have access to the Suravenir R Return fund in euros. Linxea invites its clients to take advantage of the coming weeks to invest in Suravenir Opportunits, a diversified fund showing a 2% return net of management fees in 2020, and which still peaked at 2.80% in 2018. In short: take advantage of the windfall before the funds are no longer accessible. Because this attractive euro fund – currently accessible on condition of investing half of a payment in units of account – will not be extinguished, but its advantageous remuneration will be reserved for those who have invested money there before April 1. 2022.
The closure of access to the Suravenir Opportunits fund is a real blow for the holders of web life insurance contracts managed by Suravenir, including Linxea Avenir but also Fortuneo Vie, Digital Vie (Altaprofits), Meilleurtaux Placement Vie, Power Avenir , etc.
The main online contracts managed by Suravenir
Why? And for which replacement funds?
The announcement of this broker is limited to the closure of this fund in euros on April 1, 2022. But why? And after? Despite multiple requests from MoneyVox, which heard about this big bang coming for Suravenir’s web contracts, the insurer maintains its radio silence, sending back a future communication.
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However, according to our information, those of Goodvalueformoney.eu (see the tweet below) or those who have filtered on the MoneyVox forum, Suravenir will not be limited to closing funds. The subsidiary insurer of the Crdit Mutuel Arka group is preparing a second version of its two web funds: a Suravenir R Return 2 fund and a Suravenir Opportunits 2 fund
According to an internal document that we were able to obtain, given the economic and regulatory context, Suravenir decided to close the funds in euros Suravenir Opportunits and Suravenir R Return and simultaneously launch the Suravenir Opportunits 2 and Suravenir R Return 2 funds, end of March 2022. The two new funds will switch to gross annual fee guarantee, which means that an annual return can be negative, as the insurer can charge a fee on the savings while serving a zero return. And the costs will move on Suravenir Opportunits 2: they could climb by 0.60% 3%, a largesse which should a priori above all allow the insurer to take more risks in its investments. On the other hand, on Suravenir Rendement 2, the costs will remain fixed 0.6% in gross guarantee.
A previous at Spirica
This big bang is not a first. In 2016, another web insurer, Spirica, closed access to its diversified funds – the most profitable – to create a second version. Objective: to prevent the savings of historical insurers from being drowned out by the arrival of new clients. Since then, Spirica has launched an even deeper revolution in its euro funds, in 2020.
Suravenir, which manages around 10 billion euros of life insurance outstandings sold on the internet, should explain its new strategy concerning funds in euros in the coming weeks … or months.