Analysis by Good Value for Money of the general conditions of the associative contract Epargne Retraite 2 Plus of Asac Fapes

  • General condition analysis of contracts
  • Good Value for Money

Retirement Savings 2 Plus (Asac Fapes / Allianz Vie)

Good Value for Money analysis of the General Conditions

Version as of August 3, 2022

Reference elements

  • Insurer:
  • Type of Contract :
  • Type of contract:
    • Collective with individual subscription
  • Association subscribing to the contract:
  • Version of the analyzed general conditions:
  • Contract status:
    • Open to new subscriptions

Costs

  • Entry fees on payments:
    • 2.00% from 0 to €75,000 on a payment
    • 1.80% from €75,001 to €150,000 on a payment
    • 1.60% from €150,001 to €300,000 on a payment
    • 1.50% from €300,001 to €750,000 on a payment
    • 1.20% from €750,001 to €1,500,000 on a payment
    • 0.90% over €1,500,001
  • Annual management fees on the fund in euros:
    • 0.36% management fee on the euro fund
  • Annual management fees on the eurocroissance fund:
    • (absence of eurocroissance funds)
  • Annual management fees on unit-linked (UA):
    • 0.60% unit-linked management fees charged quarterly
  • Additional annual management fees in profiled management
    • 0.30% unit-linked management fees charged quarterly

Minimum payment amounts

  • Minimum opening deposit amount:
  • Minimum free deposit amount:
    • 150 € (no minimum per financial support)
  • Minimum amount of scheduled free payments:
    • Monthly periodicity: 50 € (no minimum per financial support)
    • Quarterly periodicity: 150 € (no minimum per financial support)
    • Half-yearly frequency: €300 (no minimum per financial support)
    • Annual periodicity: 600 € (no minimum per financial support)

Classic Euro funds

  • History of rates paid (net of fees and gross of social security contributions):
    • 2021: 1.80%
    • 2020: 1.85%
    • 2019: 2.05%
    • 2018: 2.48%
    • 2017: 2.58%
    • 2016: 2.80%
    • 2015: 3.02%
  • Possible investment constraint(s):
    • Minimum investment requirement of 30% in units of account

Proposed financial management

  • Free management:
    • Possible investment in the fund in euros of the contract, with now the investment constraint of 30% in UC for new subscriptions
    • Access to the range of units of account
    • Possible activation of the following financial management options:
      • Gradual dynamism of payments
        • Possibility of cumulative implementation of the option on different free payments, with a specific setting each time
        • Free choice of the units of account on which to invest and the distribution in %
        • Storage of the sums to be arbitrated in a temporary dynamization support
        • Choice of the amount of arbitrations to be carried out, as well as the number of monthly arbitrations to be carried out between 6, 12, 24 and 36
        • Free arbitrations carried out, if applicable
      • Gradual revitalization of capital
        • Free choice of units of account on which to invest (10 vehicles maximum) and distribution in %
        • Arbitrage from the fund in euros, with a minimum total amount of €1,200
        • Choice of the amount of arbitrations to be carried out, as well as the number of monthly arbitrations to be carried out between 6 and 12
        • Free arbitrations carried out, if applicable
      • Securing performance
        • Monthly option check
        • Absence of minimum outstanding constraint on the starting medium
        • Free setting of the capital gain threshold (whole number) between + 5% and + 15%
        • Different setting possible on each unit of account
        • Free arbitrations carried out, if applicable
  • Profiled management:
    • Management delegation of all or part of the savings at Allianz Bank
    • 5 management orientations to choose from:
      • Asac 30:
        • 65% funds in €
        • 22% moderate risk UC supports
        • 13% high risk UC supports
      • Asac 45:
        • 50% funds in €
        • 22% moderate risk UC supports
        • 28% high risk UC supports
      • Asac 60 :
        • 40% funds in €
        • 22% moderate risk UC supports
        • 38% high risk UC supports
      • Asac 75:
        • 30% funds in €
        • 23% moderate risk UC supports
        • 47% high risk UC supports
      • Asac 90:
        • 10% funds in €
        • 23% moderate risk UC supports
        • 67% high risk UC supports
      • Possibility for the member to invest further a share of its capital in specific media, including SCI Allianz Invest Pierre.

Range of units of account offered

  • Classic units of account:
    • 50 units of account offered
      • UA 35 Shares
      • 7 CPUs Flexible management
      • 4 UA Bonds
      • 1 CPU Flexible management
      • 1 UC Alternative management
      • 1 Real Estate UA
      • 1 Monetary UA
    • 27 management companies
      • Allianz Global Investors: UA 14
      • BlackRock: 4 CUs
      • Fidelity: 4 CUs
      • BNP Paribas AM: 3 UA
      • Candriam: 2 UA
      • Franklin Templeton: 2 CUs
      • M&G Investment Management: UA 2
      • Schroder IM: 2 UC
    • Real estate supports:
      • 1 SCI: Allianz Invest Pierre (Immovalor Gestion)
    • Trackers:
    • Live titles:
    • Private equity funds (unlisted):
    • Infrastructure funds:

Arbitrations

  • Minimum amount:
  • Billing:
    • 4 free arbitrations per calendar year
    • Invoicing of the following arbitrations in height 0.50% of the amount arbitrated.

Partial redemption

  • Minimum amount:
  • Minimum balance at the end of the partial redemption:

Optional floor guarantee

  • Possible subscription of the membership optionsubject to being under 75 years old.
  • Capping of the guarantee at €750,000 from paid-up capital, if applicable.
  • Billing up to 0.20% of contract savings (0.05% per quarter).
  • End of the guarantee when the member turns 83.

To learn more about the analysis of Good Value for Money, click on the following link: https://www.goodvalueformoney.eu/produit/selection-sel0000478-epargne-retraite-2-plus-asac-fapes-selection-2022-2023

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