Measured drops, stability and even a rebound! The insurer subsidiary of the Crdit Mutuel Arka group distributes returns with contrasting trends for the year 2021. The point, by family of contracts.
Online life insurance: a good and a less good surprise
The good surprise to start: the classic euro fund Suravenir Performance show a performance stable, 1.30% net of management fees (1) for free management contracts, and 1.60% when you opt for an arbitration mandate, more commonly call pilot management. In the announcement, the chairman of the management board Bernard Le Bras insists on this conviction: the arbitration mandate is the future of life insurance.
And the least pleasant surprise… The star fund for online contracts managed by Suravenir (Fortuneo Vie, Digital Vie from Altaprofits, Meilleurtaux Placement Vie, Pouvoir Avenir from assurancevie.com, Grisbee Vie, Linxea Avenir, Ethic Vie, etc. .) is Suravenir Opportunities. This dynamic fund, as it is partly invested in equities and real estate, still returned 2.8% in 2018. Its performance fell to 2.4% in 2019 then 2% in 2020. This year, given the impacts of the health crisis, the insurer limits the erosion of the return without however managing to stabilize it: 1.8% for 2021.
Life insurance: comparison of web contracts
The great novelty of 2022 for savers holding online life insurance contracts managed by Suravenir will be the transition from Yield and Opportunities funds to a new generation of funds, on April 1, 2022: Suravenir Rendement 2 and Opportunites 2. Don’t panic: the money invested in version 1 funds stays there. But passes the end of March no more payment will be possible on the old funds. With one subtlety: for Suravenir Rendement 1, payments will remain possible for contracts that do not offer version 2 of Suravenir Opportunites (Suravenir Opportunites 2), specifies the insurer.
The new funds keep the same remuneration objective, promises the chairman of the management board, Bernard Le Bras, in an interview with MoneyVox (read below). Translation: in 2022, the return of Opportunities 2 will be the same as that of Opportunities 1.
Main change with these new funds: the insurer now reserves the right (in the event of financial difficulties) to provide a negative return, up to -0.6% maximum each year on Return 2 and -3% maximum on Opportunities 2 In fact, this shift, called the gross management fee guarantee, is a fundamental move made by many insurers, with the stated objective of taking advantage of more financial flexibility to improve returns.
Interview. Why Suravenir cuts the capital guarantee of its funds in euros
Crdit Mutuel de Bretagne et du Sud-Ouest: a (rather) good surprise
A real bounce! But a rebound put into perspective, because the base rate used on banking contracts had fallen very low in 2020, 0.5% on Navig’Options contracts in free management (or autonomous management). This contract, the latest from Suravenir, was however designed to support Crdit Mutuel de Bretagne et du Sud-Ouest customers towards the arbitration mandate (delegated management): the fund in euros was for customers converted to this delegated management port 1.2% for the year 2020. Suravenir announces an annual return – on the fund in euros, for the year 2021 – going up 0.85% for autonomous management and stable 1.2% for delegated management.
For the year 2021, concerning the contracts distributed by the banking networks, we have chosen to raise the rate paid in free management on our main contracts, explains Thomas Guyot, Technical and Financial Director, and to offer policyholders a bonus on the heritage contracts invested more than 50% in units of account. They will therefore benefit from a rate identical to that of the fund in euros available as an arbitration mandate.
- NaviG’Patrimoine (stable): 1.30% in arbitration mandate, 1% in free management (bonus possible)
- Excelcius Life (stable): 1.45% in arbitration mandate, 1.15% in free management (possible bonus)
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Life Plus: a copy-coll of 2020
Total stability for 2021 returns of euro funds compared to 2020: 1.75% in arbitration mandate and 1% in free management, with possible bonuses depending on the investment in units of account (UC), on the Patrimoine Vie Plus contract, marketed by wealth management advisers.
Srnipierre: 2.5% on Scurit Pierre Euro, like last year
Regularly at the top of the charts of funds in euros, all categories combined, the real estate fund Euro Stone Security will once again feature in the top positions, even if it will not occupy the top spot: it is maintaining 2.5% for the year 2021, as in 2020.
Life insurance: all 2021 rates, from best to worst
On the same Srnipierre contract, marketed by wealth management advisers (via the Primonial group), the fund Security Flex Euro drop of 1.4% in 2020 1.15% in 2021. And the fund general assets stay fixed 1%, with a possible bonus depending on the share of UC in the contract.
Retirement savings: slight erosion
Small disappointment for holders of retirement savings contracts. The yield is the same regardless of the distribution network: the PER fund in euros Retreat Screening, Retirement relevance and Suravenir PER goes from 1.7% 1.5%.
Retirement savings plan (PER): advantages, taxation and comparison
(1) All returns are before social security contributions (and possibly before income tax).