Pacte Law: what changes lie ahead for savings in France
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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