BNP Paribas Cardif in the process of creating its FRPS

The notice was published in the Official Journal on July 6, 2022.

While Cardif Retraite is waiting to obtain its FRPS approval, Cardif Assurance Vie is asking to transfer part of its contract portfolio.

There is movement at BNP Paribas Cardif. Cardif Assurance Vie has submitted a request to the authorities to transfer part of its contract portfolio to the group’s retirement entity, Cardif Retraite. The request was published in the Official Journal of July 6, 2022.

The transfer request is not without interest, since the company Cardif Retraite intends to change its status to become an additional professional retirement fund. The regulatory framework applied to this type of establishment – ​​advantageous for long-term investments – convinced Cardif Retraite. The company is still awaiting an answer from the ACPR on its project.

The operational start of Cardif Retraite will take place once the approval of the ACPR has been obtained. It does not require any particular action on the part of the subscribers of the contracts, and will not make any modification to the current operation of the contracts, which will retain the same characteristics and the same options. “, specifies the group in a press release.

At the queue

The name of Cardif Retraite is therefore added to the authorities’ list of FRPS files. Indeed, several players in the sector have also requested it, such as AG2R La Mondiale, UMR and Arial CNP Assurances recently.

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