Analysis by Good Value for Money of the General Conditions of the Individual Retirement Savings Plan (PER) Origineo by Crystal

  • General condition analysis of contracts
  • Good Value for Money

Origineo by Crystal (Crystal / UMR)

Good Value for Money analysis of the General Conditions

Version as of June 15, 2022

Reference elements

  • Insurer:
    • Union Mutualiste Retraite (UMR)
  • Type of Contract :
    • Individual Retirement Savings Plan (PERIn)
  • Type of contract:
    • Collective with individual subscription
  • Subscribing entity of the collective contract:
    • Association for the Development of Mutual Retirement Savings (ADERM)
  • Version of the analyzed general conditions:
    • Information notice 2021
  • Contract status:
    • Open to new subscriptions

Costs

  • Association fees:
    • Entrance fees to the ADERM association: €20
    • Possible additional financing of the association by taking part of the management fees deducted from outstandings, within the limit of 0.05%
  • Entry fees on payments:
    • 4.50% maximum entry charge on deposits
  • Annual management fees on funds in euros:
  • Annual management fees on units of account (UA) excluding SCPI:
    • 1.00% deducted by reduction in the number of units of account
  • Annual management fees on SCPIs:
    • 1.20% levied by reduction in the number of units of account
  • Management fees additional in Managed management Retirement horizon :
    • 0.30% extra on the fund in euros
    • 0.20% extra on units of account
  • Management fees additional in conventional Piloted management :
    • 0.30% extra on the fund in euros
    • 0.20% extra on units of account

Mortality Table Guarantee

  • Absence of mortality table guarantee, the mortality table used during the eventual conversion of the capital constituted into an annuity being that in force on the date of liquidation.

Minimum payment amounts

  • Minimum opening deposit amount:
    • €1,000 in free management
    • €2,000 in managed management
    • Cumulation of the two ceilings in the event of multi-pocket management
  • Minimum free deposit amount:
    • 500 € in free management
    • €1,000 in managed management
  • Minimum amount of scheduled free payments:
    • Monthly frequency:
      • 100 € in free management
      • 200 € in managed management
    • Quarterly periodicity:
      • 300 € in free management
      • 600 € in managed management
    • Semi-annual frequency: (not offered)
    • Annual frequency:
      • €1,200 in free management
      • €2,400 in managed management
    • Possibility of annual indexation of scheduled free payments:

Classic Euro funds

  • Fund name:
    • General assets of the UMR
  • History of rates paid (net of fees and gross of social security contributions):
    • 2021: 1.80%
    • 2020: 2.00%
  • Capital guarantee:
    • Gross guarantee of management fees on outstanding amounts in euros of 0.90%
  • Possible investment constraint(s):

Proposed financial management methods

  • Free management (“free allocation mode”):
    • Free investment in the euro fund of the contract
    • Access to the range of CPUs offered in free management
    • Possible activation of the following financial management options:
      • Progressive investment
        • Requirement of a minimum outstanding amount of €2,000 on the fund in euros
        • Requirement for a minimum amount to be arbitrated of €150 per monthly payment
        • Fixing the amount of monthly arbitrages to be carried out from the fund in euros
        • Fixing the number of monthly arbitrations to be carried out between 12, 18 or 24 months
        • Choice of media on which to invest
        • Realization of arbitrations on the first working day of each month
        • No arbitration fees
      • Dynamization of the interest of the fund in euros
        • Choice of media on which to invest
        • Completion of arbitrations on 1er working day of each year
        • No arbitration fees
      • Securing capital gains
        • Choice of units of account to which the option applies
        • Choice of a capital gain level between + 5%, + 10%, + 15%, + 20%
        • Arbitrage to the fund in euros
        • Control carried out daily
        • Arbitration fee of 0.50% of the amount arbitrated with a minimum of €30 and a maximum of €200
      • Limitation of absolute capital losses
        • Choice of units of account to which the option applies
        • Choice of a level of capital loss from – 10% by level of 1%
        • Arbitrage to the fund in euros
        • Control carried out on the last working day of each month
        • Deduction of 0.20% arbitration fees
      • Limitation of relative capital losses
        • Same operating rules, except for the use of the highest net asset value as the reference value since the implementation of the option.
      • Target asset allocation rebalancing
        • Automatic rebalancing of savings in free management between the different investment vehicles (funds in euros or units of account with a minimum of 5% per vehicle)
        • Operation carried out quarterly subject to a deviation of 5% from the reference allocation defined by the member
  • Managed management with a retirement horizon (management with a “Loi Pacte” horizon by default):
    • Choice of a profile among the 3 proposed
      • Cautious retirement horizon profile
        (52% euro funds at 5 years from retirement)
      • Balanced profile retirement horizon
        (34% of euro funds at 5 years from retirement)
      • Dynamic profile retirement horizon
        (24% of euro funds at 5 years from retirement)
  • Conventional Piloted Management:
    • Management delegated by the UMR to a management company
    • Realization of arbitrations every month according to the decisions of the management company
    • Investment of savings between the fund in euros and the units of account offered in the contract
    • Choice of a profile among the 3 proposed
      • Cautious profile
        • 5% maximum volatility
        • Recommended investment period of 3 years
      • Balanced profile
        • 10% maximum volatility
        • Recommended investment period of 5 years
      • Dynamic profile
        • 15% maximum volatility
        • Recommended investment period of 7 years
  • Methods of possible accumulation of the proposed management methods:
    • Multi-pockets possible between free management on the one hand, and controlled management on the other hand

Range of units of account offered

  • Classic units of account:
    • 58 units of account offered
    • 30 management companies
  • Real estate supports:
    • SCPI: 6
    • ICS: 1
    • OPCI: 1
  • Trackers:
  • Live titles:
  • Private equity funds (unlisted)

Arbitrations

  • Billing:
    • 1 free arbitration per calendar year
    • Invoicing of the following arbitrations up to 0.50% of the amounts arbitrated
      with a minimum of €30 and a maximum of €200 per arbitration
  • Minimum amount:

Death floor guarantee

  • Optional guarantee to be taken out at the time of subscription.
  • Possibility for the member to request the termination of the guarantee at any time
  • Maximum amount of insurable loss:
  • Guarantee age limit:
    • 75th birthday of the insured
  • Annual warranty cost:
    • Invoicing according to the age of the insured and the amount of capital at risk
    • Rate applied to 35 years: 0.16% capital at risk
    • Rate applied to 40 years: 0.26% capital at risk
    • Rate applied to 45 years: 0.42% capital at risk
    • Rate applied to 50 years: 0.60% capital at risk
    • Rate applied to 55 years old: 0.84% capital at risk
    • Rate applied to 60 years: 1.16% capital at risk

Annuity Expenses

  • Annuity arrears charge: 1.50%

Annuity options offered

  • Monthly pension paymentwith the exception of pensions whose annual amount is less than €480 and for which the payment is then half-yearly.
  • Simple life annuity
  • Joint life annuity
    • Reversion rate of 60%, 80% or 100%
  • Life annuity with guaranteed annuities
    • Guarantee of 15 years of annuities if the member is under 70 years old
    • Guarantee of 10 years of annuities if the member is over 70 years old
  • Tiered annuity
    • Annuity that can be withheld provided that the member is under 70 years old
    • Pension increase of 25% or 50% after a period of 5 years
    • Possibility of combining with 60%, 80% or 100% reversibility
  • Tiered annuity
    • Annuity that can be withheld provided that the member is under 70 years old
    • Reduction of the pension by 25% or 50% after a period of 5 years
    • Possibility of combining with 60%, 80% or 100% reversibility

Options for split capital withdrawals and/or withdrawal on demand

  • Possibility, in the context of a capital outflow, of requesting capital liquidation in the form of periodic partial redemptions of at least:
    • 100 € per month,
    • 300 € per term,
    • €600 per semester,
    • €1,200 per year.
  • Possibility also in this diagram, to carry out occasional partial redemptions of at least €1,000

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

https://www.goodvalueformoney.eu/produit/selection-sel0000471-origineo-by-crystal-selection-2022

All rights reserved to Good Value for Money


Discover the other analyzes of Good Value for Money through the following themes:

Leave a Comment