France unveils major changes to pension fund system

French economy minister Emmanuel Macron (pictured) has disclosed a few details of the future French law about new economic opportunities (Noé) in a recent speech to a mixed audience of French businessmen, entrepreneurs, scientists, lawyers and students.

Macron said he was looking at an adaptation of France’s tax framework aiming to stimulate the shift of French savers’ capital from bond products to equity funds with the objective of serving the financing of real economy. According to the minister, the financing of real economy by the banking industry in France is “no longer adapted” even though “it had worked very well until now”.

Macron added he was working on creating a form of pension fund system à la française.

The law Noé will be unveiled on 15 December 2015.

ABOUT THE AUTHOR
Adrien Paredes-Vanheule
Adrien Paredes-Vanheule is French-Speaking Europe Correspondent for InvestmentEurope, covering France, Belgium, Geneva and Monaco. Prior to joining InvestmentEurope, he spent almost five years writing for various publications in Monaco, primarily as a criminal and financial court reporter. Before that, he worked for newspapers and radio stations in France, in particular in Lyon.

Read more from Adrien Paredes-Vanheule

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