Variations on life insurance policies from the Sélection International and NLO2 ranges, from which they derive their main characteristics, these new investment bonds are available from 16 April 2008. With a minimum investment of €15,000, these bonds are intended for "upmarket" clients, particularly payers of wealth tax and partnerships.
Variations on life insurance policies from the Sélection International and NLO2 ranges, from which they derive their main characteristics, these new investment bonds are available from 16 April 2008. With a minimum investment of €15,000, these bonds are intended for "upmarket" clients, particularly payers of wealth tax and partnerships.
Option for the bond to continue after the death of the bond-holder
All three bonds offer the advantage of continuing after the death of the bond-holder, unlike a life insurance policy. If the holder dies, the beneficiaries replace him and retain the benefit of the preferential tax status of the bond. This will only end in the case of the total redemption of the bond or at maturity. This feature also enables the holder to pass on his investment bond during his lifetime, without losing the preferential tax status for the recipient.
Obtain an additional income taxed at a low rate or acquire and maintain a property portfolio
Enjoying equal tax status to life insurance in the case of redemption, SIC, ALCC & AOCC bonds are a good tool for individuals wishing to obtain an additional income taxed at a low rate. Also, when calculating the tax base for wealth tax, investment bonds are only counted at face value and not at their redemption price. These new bonds are therefore particularly suited to high net worth clients with a strategy of reducing the tax base for wealth tax.
A partnership liable for income tax cannot take out a life insurance policy. However, it can hold investment bonds in its own name (and not through its partners). By purchasing an investment bond, the partnership can acquire and/or maintain a property portfolio.
Benefit from a wider range of eligible funds and five new financial options from Aviva Vie
Last February, Aviva announced the expansion of its range of funds. These new funds meet the requirements and objectives of bullish investors wishing to diversify their savings by investing part of their capital in certain specific classes of assets, in addition to Aviva Gestion d'Actifs' conventional funds. They cover various geographical areas (Europe, Asia, America and Emerging Countries) and different sectors (energy, finance, the environment, health, etc) and investment themes including Socially Responsible Investment.
Thus, the Sélection International Capitalisation, Aviva Libre Choix Capitalisation & Aviva Libre Option Capitalisation investment bonds benefit from these new funds whilst also giving clients access to the five financial options launched by Aviva Vie to reinforce its good advice approach and ensure that clients' investments are managed well in the long term:
- Automatic Readjustment (the asset allocation is kept stable for a specified period, after which the client's personal situation is reviewed and the distribution adjusted accordingly.)
- Scheduled Switch Plan (investments are gradually switched from one fund to unit-linked funds for gradual diversification of savings)
- Progressive Investment Plan (investing progressively in unit-linked products to even out investments)
- The Scheduled Buy-Back Plan allows investments to be retained in Unit-Linked products whilst carrying out scheduled buy-backs. The client no longer has to restrict scheduled buy-backs to euro funds.
- Progressive Security Plan (gradually switching the investments in one or more funds to secure funds).
The new investment bonds offered by Aviva Vie are therefore perfectly suited to "upmarket" clients. In order to meet the specific requirements of these high net worth clients, Aviva Vie has set up a dedicated unit specialising in advice on asset management and optimisation of tax arrangements. This Good Advice approach and the methods adopted are particularly appreciated by these clients as Aviva Vie currently has over 6,500 clients with more than €450,000 invested in their life insurance policy.
The launch of these new investment bonds is part of Aviva Vie's Good Advice policy, which involves guiding and assisting savers in the long term in order to determine the optimum asset allocation based on their situation and objectives.
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Press contacts:
Aviva Vie
David Chenu
Telephone: 01 76 62 67 92
E-mail: david_chenu@aviva.fr
HDL Communication
Alexandra Rigaud
Telephone: 01 58 65 20 15
E-mail: arigaud@hdlcom.com
Notes to editors:
About Aviva
Aviva is the leading provider of life and pensions to Europe with substantial positions in other markets around the world, making it the world's fifth largest insurance group based on gross worldwide premiums at 31 December 2006. Aviva's principal business activities are life insurance and long-term savings, fund management and general insurance, with total sales of €56.7 billion and funds under management of €499 billion at 31 December 2007.
With more than 150 years' experience in France, Aviva is among the top 10 players in the insurance market. Aviva France is distinguished by a balanced multidistribution model which has proved itself: 875 general agents, 1,800 agency staff, 400 life advisers, more than 1,000 brokers, partners (Union Financière de France and Médéric). Aviva France's partners also include AFER, the leading association of savers in France, and the Crédit du Nord Group. Specialising in unit-linked products, Aviva is well-known for the performance of its long-term funds and its strong commitment to its customers through its Good advice approach. Aviva has more than 3,300 employees. As at 31 December 2007, Aviva France recorded a consolidated turnover of €6.5 billion, a consolidated operating profit of €338 million (based on intrinsic value - EEV/IFRS norms) and managed assets worth €74.2 billion.