The minimum wage will indeed be increased by 1.2% on January 1

The minimum wage will indeed be increased by 1.2% on January 1

The monthly minimum wage will thus be established on January 1 at 1,219 euros net in 2020, against 1,204 euros in 2019, i.e. 15 euros more per month and 173 euros more over the whole year. No additional government support is therefore expected. There will be no help from the government. The minimum wage will be revalued by 1.2% on January 1, 2020, as was expected. An additional gesture from the executive was hoped for,…

Read More

Savings: after a record collection in 2020, the Livret A is overflowing

Savings: after a record collection in 2020, the Livret A is overflowing

The total outstanding of the preferred placement of the French now stands at 326.5 billion euros, an increase of 9.4% compared to last year. Savers who have reached the ceiling have turned to alternatives that do not put their capital at risk. It’s the wave that makes the pool overflow. In 2020, the collection of Livret A reached new heights: savers placed 26.4 billion euros there, more than twice what they had deposited in 2019…

Read More

Life insurance confirms its rebound at the start of the year

Life insurance confirms its rebound at the start of the year

The flagship investment of the French recorded positive net inflows of 2 billion euros in January. Life insurance hopes to return to the green for good after a year 2020 marked by the health crisis and negative net inflows of 6.5 billion euros. Life insurance wants to believe in a return to normalcy. One of the main savings products of the French recorded in January a positive net inflow of 2 billion euros (contributions minus…

Read More

Tikehau acquires Sofidy and crosses the 20 billion mark in assets under management

Tikehau acquires Sofidy and crosses the 20 billion mark in assets under management

Exclusive: An acquisition at 220 million euros. Sofidy was created in 1987 by the father of Antoine Flamarion, co-founder of Tikehau. Tikehau has just entered into exclusive negotiations to acquire 90% of the capital of Sofidy, the leading independent player in the SCPI market with 4.8 billion euros under management. The operation will allow Tikehau to strengthen its real estate division, which will go from 2.6 to 7.4 billion euros. The volume under management in…

Read More

Guaranteed loans: banks distributed 130 billion euros to companies in 2020

Guaranteed loans: banks distributed 130 billion euros to companies in 2020

The year 2020 was particularly busy for bankers, who granted loans guaranteed by the State to 630,000 companies in order to compensate for the sometimes sudden cessation of activity during periods of confinement. Trade, catering and even construction have benefited greatly. The first repayments will begin next April. In finance, it is the star product of the year. But the banks would surely have done well. Loans guaranteed by the State were granted en masse…

Read More

Hospital: the National Assembly approves the budget extension

Hospital: the National Assembly approves the budget extension

The deputies voted on Tuesday evening the 2020 Social Security budget project, which provides for an extension of 300 million euros from next year. One of the measures of the “emergency plan” for the hospital announced last week by the government. This is one of the flagship measures of the “emergency plan” for the hospital announced a week ago by the government. The budget extension of 300 million euros for the hospital from 2020 obtained…

Read More

The major French managers benefit from a positive dynamic

The major French managers benefit from a positive dynamic

Among the 15 players managing more than 50 billion euros in assets, eleven saw their outstandings increase between January and June. The large French asset managers have, on the whole, benefited from a positive commercial dynamic in the first half of the year. Among the 15 players managing more than 50 billion euros in assets, eleven saw their outstandings increase between January and June. A positive signal, as the markets have become more uncertain and…

Read More

The second confinement once again explodes the collection of the Livret A

The second confinement once again explodes the collection of the Livret A

Livret A and LDDS outstandings rose 3.1 billion euros in November. Since the beginning of the year, it is a total of nearly 85 billion euros of additional savings that the French have accumulated on their tax-free savings accounts and on their current account. An exceptional year. “Sky is the limit”, say the English. But the French holding a Livret A could say the same. According to the monthly figures of the Caisse des Dépôts,…

Read More

The contested choices of Jean Castex to thwart the worrying rise in poverty

The contested choices of Jean Castex to thwart the worrying rise in poverty

The number of RSA beneficiaries is expected to grow by nearly 9% this year. Opposed to a revaluation of social minima, the government prefers to favor targeted measures. To the chagrin of associations fighting against poverty. Still no revaluation of the active solidarity income (RSA), but new targeted measures to help the most disadvantaged to cope with the crisis. Prime Minister Jean Castex presented the new poverty reduction strategy on Saturday, during a trip to…

Read More

Amundi signs the best fundraising in its history

Amundi signs the best fundraising in its history

The French asset management giant, a listed subsidiary of Crédit Agricole, attracted 42.7 billion euros in capital, net of redemptions, in the third quarter. A welcome turnaround after three consecutive quarters of outflow. With record net inflows of 42.7 billion euros in the third quarter, Amundi settled comfortably above 1.5 trillion in assets. The French asset management giant thus wiped out three consecutive quarters of outflow. Its net accounting income stood at 218 million euros,…

Read More
1 2