Insurance companies have also become more active in the collective fund segment, though still have a relatively small market penetration. Regular monthly savings plan. Unit-linked life insurance. Bank account-linked money market funds. In order to create an interest-bearing current account, some banks offer money market funds linked to a bank deposit account.
Investment is required to stay in the plan for five years.
Participation plans are mandatory for firms with more than 50 employees. PEE plans can be a combination of employee and employer contributions. For all plans, after five years, participants are eligible for a rebate of social security taxes on contributions. Independent distribution of funds in France has been virtually non-existent. The Post Office also sells its funds over the counter, while CDC funds can be purchased direct through the offices of the French Treasury.