The Pacte Law, presented on June 18, 2018 at the French Council of Ministers, should come into force no later than January 2020, after a period of parliamentary debates and the publication of implementing decrees.
Several aspects of the law concern French savings. Their goal is to finance the French economy in a more efficient way, by offering to associate more employees with the benefits of economic growth (especially in SMEs) and by encouraging savings and investment. We decode the 5 key proposals of the draft law, regarding the development of profit sharing mechanisms within the firm, the generalization of life-cycle investment strategies, and the flexibility in exit requirements for accumulated savings at retirement.
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