Afer serves a rate of 2.22% in 2023 for its fund in euros. A yield lower than the average rate expected for this year, around 2.50%, while Afer used to systematically do better than the market average.
2.22%. This is the rate of return, net of management fees, for Afer life insurance for the year 2023. Lower remuneration than the expected average rate which should rise 2.5% according to experts. The average return on our euro fund has been more than 3% since 2005, Afer said in a press release.
To reach 2.22%, Afer nevertheless drawn from the provisions for profit sharing (PPB)the reserves constituted with part of the undistributed return over past years and which make it possible to smooth performance over the long term.
There is no question of closing the euro fund or favoring another product which would only benefit from new subscribers, emphasized Grard Bekerman during a press conference held this Tuesday, January 16. The quality of a life insurance contract is judged over time and for almost half a century we have been defending our values, our members, and a rate which remains on average among the best. Afer, we will never take Paul to give Pierre then clarified Grard Bekerman.
In 2022, the savings association was among the best yields, above the average which amounted to 1.91%. The year 2023 does not seem to be the best for savers associations. Indeed, Gaipare for its part announced a rate of 2.30%. The Afer rate was until now eagerly awaited by all life insurance players. The 2023 yield could well mark the end of an era.
We are thinking, we are going to put together a new strategy in 2024 and 2025 with Afer’s partner, Abeille Assurances, within the Ama group, which owns Macif, according to Grard Bekerman. We are not the best, he admitted, we are going to become the best again!.
Retirement savings pay better
The rate of the Afer retirement savings plan (PER) amounts to 3.50% net of fees for the year 2023. The ring-fencing of the fund desired by the members and accepted by our partner since 2023, allowed us to obtain the best performance for the benefit of all PERin members declared the President of the Afer.
Afer counts today 751,946 members and the outstanding contracts stand at 55 billion euros.
Life insurance: the 2023 rate charts