Very popular, the Livret A saw its rate lowered from 0.75% to 0.5% in early February. Very low compensation, never achieved so far. A parliamentary fact-finding mission was launched on Tuesday in the National Assembly to study the consequences of the prolonged fall in interest rates on French savings and to propose ways of modernizing the regulatory framework.
This mission, which will associate deputies from all walks of life, is part of the work of the Finance Committee of the National Assembly and is led by deputy Gilles Carrez (LR), who must organize a first framing meeting on Wednesday , said his entourage.
This mission should make it possible to assess the repercussions on savings of the prolonged fall in interest rates and their maintenance at almost zero, especially in a regulatory and fiscal framework developed during periods when rates were much higher .
Modernize savings
MEPs will study – among other things – the economic determinants of falling rates and changes in savings behavior. After evaluating the public policies implemented to adapt to this new environment, they will also suggest ways to modernize the savings policy in France.
Insurance companies, which are struggling to grow their customers’ savings, have drastically cut their guaranteed remuneration under life insurance contracts, encouraging customers to invest more in unit-linked contracts, which are more risky but also potentially more profitable.
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