Analysis by Good Value for Money of the general conditions of the CLER multi-support contract of the AGIPI Association

  • General condition analysis of contracts
  • Good Value for Money

CLE (AGIPI)

Good Value for Money analysis of the General Conditions

Version as of July 6, 2022

Reference elements

  • Insurer(s):
    • AXA France Vie SA and AXA Assurances Vie Mutuelle
  • Type of Contract :
  • Type of contract:
  • Subscribing entity of the collective contract:
  • Version of the analyzed general conditions:
    • AGI 0215 – Edition 06/2022
  • Contract status:
    • Open to new subscriptions

Costs

  • Subscription administration fees:
  • Entry fees on payments:
    • 4.85% maximum entry fee
  • Annual management fees on funds in euros:
  • Annual management fees on the eurocroissance fund:
    • Agipi Euro Growth Fund: 0.70%
      + 10% of financial performance
  • Annual management fees on unit-linked (UA)
    excluding AXA Selectiv’Immo and AXA Selectiv’Immoservice
    • 0.96% withdrawn daily by decreasing the number of units of account
  • Annual management fees specific to AXA Selectiv’Immo and AXA Selectiv’Immoservice unit-linked (UC):
    • 1.50% withdrawn daily by decreasing the number of units of account
  • Annual fees additional in managed management (managed by Architas):
    • 0.50% withdrawn daily by decreasing the number of units of account

Minimum payment amounts

  • Minimum opening deposit amount:
    • €1,000 reduced to €300 in the event of the implementation of scheduled payments of a minimum unit amount of €100
  • Minimum free deposit amount:
  • Minimum amount of scheduled free payments:
    • Monthly frequency: €100
    • Quarterly frequency: €100
    • Half-yearly frequency: €100
    • Annual periodicity: 100 €

Classic Euro Fund “Agipi Fund”

  • History of rates paid (net of fees and gross of social security contributions):
    • 2021: 1.10%
    • 2020: 1.30%
    • 2019: 1.70%
    • 2018: 2.10%
    • 2017: 2.10%
    • 2016: 2.25%
    • 2015: 2.50%
    • 2014: 2.85%
    • 2013: 3.03%
    • 2012: 3.20%
    • 2011: 3.50%
    • 2010: 3.70%
    • 2009: 3.85%
  • Possible investment constraint(s):
    • Possibility to invest 100% in the Agipi Euro Fund within free management
  • Nature of the guarantee on the fund in euros:
    • Guarantee of 100% of capital gross of management fees of the contract

Eurocroissance Fund “Agipi Euro Growth Fund”

  • Financial performance history:
    • 2021: 3.10%
    • 2020: 3.10%
    • 2019: 3.50%
    • 2018: 2.85%
    • 2017: 3.80%
    • 2016: 2.70%
    • 2015: 3.04%
  • Possible investment constraint(s):
    • Possibility of investing 100% in the Agipi Euro Croissance Fund in euros within free management

Proposed financial management methods

  • Free management
    • Possible investment:
      • in the Agipi euro fund
      • in the Agipi Euro Croissance fund

  • Access to the following CPU range:
    • Bond supports:
      • Agipi Bonds Inflation
      • Agipi Global Bonds
    • Diversified media:
      • Agipi Ambition
      • Agipi Convictions
      • Real Estate
    • Equity media:
      • Agipi Emerging Actions
      • Agipi Actions Europe
      • Agipi Global Equity
      • Agipi Major Trends
      • Agipi Innovation
      • Agipi Sustainable World
    • Specific media:
      • Agipi Solidarity Regions
      • OPCI AXA Selectiv’Immo
      • OPCI AXA Selectiv’Immoservice
      • FCPR AXA Avenir Entrepreneurs
      • FCPR AXA Future Infrastructure

  • Possible activation of the following financial management options:
    • Oriented management
      • Periodic rebalancing of savings to maintain a fixed allocation defined by the saver
    • Scalable management
      • Gradual reduction of exposure in units of account each year in order to reach 70% investment in the fund in euros retained at age 65
  • Personalized management agreement
    • Investment of at least 30% in units of account
    • Access to the same units of account as in free management, plus the following:
      • AXAWF Fram Clean Economy AH
      • AXAWF Fram Digital Economy AH
      • AXAWF Fram Evolving Trends A
      • AXAWF Fram Longevity Eco AH
      • AXAWF Fram Robotech AH
      • Pictet-Global Environment Opp P
      • Schroder ISF Global Climate Change AH
    • Free arbitrations
    • Unlimited floor guarantee
  • Thematic convention
    • Choice by the member:
      • of the range of euro funds used between:
        • the hybrid formula: Agipi Fund + Agipi Euro Growth Fund
        • the simple formula: Agipi Euro Croissance Fund (only)
      • of the management theme between:
        • the Future theme
        • Heritage theme
        • the Impulse theme
      • of the investment profile between:
        • Careful
        • Balance
        • Dynamic
        • Offensive
  • Managed management ESG themes
    • Choice by the member:
      • of the range of euro funds used between:
        • the hybrid formula: Agipi Fund + Agipi Euro Growth Fund
        • the simple formula: Agipi Euro Croissance Fund (only)
      • of the investment profile between:
        • Careful
        • Balance
        • Dynamic
        • Offensive
  • Multi-pockets
    • Impossibility for the saver to combine several management methods
    • Possibility for the saver to change management mode at any time
    • It is also possible for savers to invest in all cases and beyond the chosen management method in all or part of the following specific vehicles:
      • Agipi Solidarity Regions
      • OPCI AXA Selectiv’Immo
      • OPCI AXA Selectiv’Immoservice
      • FCPR AXA Avenir Entrepreneurs
      • FCPR AXA Future Infrastructure

Financial management change fees

  • Arbitration towards managed management
  • Arbitration towards a management agreement (Future, Heritage, Impulse)
  • Arbitration towards the personalized management agreement
    • Billing of 0.80% of the amounts transferred
  • Arbitration towards free management
    • Billing of 0.80% of the amounts transferred

Arbitrations

  • Free management
    • Minimum amount of an arbitration of €1,500
    • Invoicing up to 0.80% of the sums transferred
  • Management agreements (excluding free management)

Partial redemption

  • minimum amount
  • Minimum balance after partial surrender
  • Constraint
    • Limitation to a maximum of 4 partial redemptions during a calendar year

Death floor guarantee

  • Guarantee accessible under managed management or a management agreement
  • Maximum amount of insurable loss:
  • Age limit for taking out the guarantee:
    • Guarantee included de facto in management agreements and managed management
  • Guarantee coverage age limit:
  • Annual warranty cost:
    • Guarantee included de facto in management agreements and managed management

Provident guarantees offered as an option

  • Loss of autonomy insurance (dependency)
  • Transmission insurance (whole vi)

To learn more about the analysis of Good Value for Money, click on the following link: https://www.goodvalueformoney.eu/produit/selection-sel0000474-cler-agipi-selection-2022-2023

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