Analysis by Good Value for Money of the General Conditions of the PER Individual Carac

  • General condition analysis of contracts
  • Good Value for Money

PER Individual Charac

Good Value for Money analysis of the General Conditions

Version as of October 31, 2022

Reference elements

  • Insurer:
  • Type of Contract :
    • Individual Retirement Savings Plan (PERIn)
  • Type of contract:
    • Collective with individual subscription
  • Subscribing entity of the collective contract:
    • Carac Popular Retirement Savings Group (GERP Carac)
  • Version of the analyzed general conditions:
  • Contract status:
    • Open to new subscriptions

Costs

  • Association fees:
    • GERP Carac membership fees: €20
    • Financing of the GERP Carac by deductions made from the assets of the plan up to a maximum of 0.15% per year according to the budget approved for the financial year
  • Entry fees on payments:
    • 0% entry fee on deposits
  • Annual management fees on the fund in euros:
  • Annual management fees on unit-linked (UA):
    • 0.90% withdrawn monthly by decreasing the number of units of account
  • Additional management fees profiled over time:
    • 0% additional profiled management fees over the horizon

Mortality Table Guarantee

  • No Warranty of the mortality table

Minimum payment amounts

  • Minimum opening deposit amount:
  • Minimum incoming transfer amount:
    • No minimum inbound transfer amount
    • Absence of charging fees by Carac on incoming transfers
  • Minimum free deposit amount:
  • Minimum amount of scheduled free payments:
    • Monthly frequency: €100
    • Quarterly periodicity: 300 €
    • Half-yearly frequency: €600
    • Annual frequency: €1,200
  • Possibility of annual indexation of scheduled free payments:
  • Minimum investment amount per account unit in the contract:

Classic Euro funds

  • Fund name:
  • History of rates paid (net of fees and gross of social security contributions):
  • Possible investment constraint(s):
    • Investment of at least 50% in units of account of all payments
  • Nature of the capital guarantee
    • Gross annual management fee guarantee

Proposed financial management methods

  • Free management
    • Investment of at least 50% in unit-linked payments

  • Access to the range of CPUs offered in free management
    • Classic units of account:
      • 12 classic units of account
      • 5 management companies: CPR (4 CU), Thematics AM (4 CU), Edmond de Rothschild AM (2 CU), Dorval AM (1 CU), Mirova (1 CU)
    • Real estate supports:
      • SCPI: 0
      • SCI: 1 (SCI Carac Perspectives Immo managed by Atream)
      • SCP: 0
      • OPCI: 0
    • Trackers:
    • Live titles:
  • (nil)
    • Private equity funds (unlisted):
  • FCPR: 0

  • Terms of arbitration by the member in free management
    • Minimum amount per arbitration: €30
    • Minimum balance to leave on the original medium: €400
    • 1 free arbitration per calendar year, then invoicing of the following up to 1.00% of the sums transferred
  • Profiled management on the horizon
    • Choice of a profile among the 3 proposed
      • “Cautious” profile
        • 0% cash (CPR Cash) at 20 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 15 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 10 years from retirement, 0% funds in euros
        • 39% cash (CPR Cash) 5 years from retirement, 0% funds in euros
        • 79% cash (CPR Cash) 2 years from retirement, 0% funds in euros
      • “Balanced” profile
        • 0% cash (CPR Cash) at 20 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 15 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 10 years from retirement, 0% funds in euros
        • 9% cash (CPR Cash) at 5 years from retirement, 0% funds in euros
        • 47% cash (CPR Cash) at 2 years of retirement, 0% funds in euros
      • “Dynamic” profile
        • 0% cash (CPR Cash) at 20 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 15 years of retirement, 0% funds in euros
        • 0% cash (CPR Cash) at 10 years from retirement, 0% funds in euros
        • 3% cash (CPR Cash) at 5 years from retirement, 0% funds in euros
        • 24% cash (CPR Cash) at 2 years of retirement, 0% funds in euros

  • Supports used in the context of profiled horizon management
    with the corresponding asset class according to the Good Value for Mone nomenclature
    • CPR Cash: Euro Currency Support
    • Edmond de Rothschild Fund Bond Allocation: European Bonds
    • Carac Perspectives Immo: SCI managed by Atream
    • Thematics Meta: International Equities flexible management
    • Carac International SRI Actions: International Large Cap Equities (support managed by CPR AM)
    • Dorval Beliefs: Flexible management Europe
    • Edmond de Rothschild SICAV Euro Sustainable Equity: European Large Cap Equities
    • Mirova Europe Environmental Equity: Environment Sector Actions
  • Methods of possible accumulation of the proposed management methods (“multi-pockets”):
  • Changing the management mode
    • Possibility for the member to modify their management profile once per calendar year, without any invoicing of costs
    • Possibility for the member in profiled management over the horizon to opt for free management during the life of his contract
    • Possibility for the member in free management to opt for management profiled at horizon during the life of his contract

Death floor guarantee

Annuity Expenses

  • Annuity arrears charge: 0% annuity payments

Annuity options offered

  • Quarterly payment in arrears
  • Simple life annuity
  • Joint life annuity
    • Possible reversion rate of 60 or 100%

To learn more about the analysis of Good Value for Money, click on the following link:

https://www.goodvalueformoney.eu/produit/selection-sel0000492-per-individuel-carac-selection-2022-2023

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