Banco Popular launches pension plan campaign
Spain’s Banco Popular has launched a pension plan campaign with up to 8% allowance for transfers.
The move aims to reward third party transfers to Banco Popular’s pension plans which will be made between 1 October 2014 and 13 February 2015.
The allowance percentage will depend on the pension plan the transfer has been made on as well as on the investment period length.
As a result, the 8% allowance will be added to the transfer import which will count through the pension plan AUM after 8 years have passed since inception. The plans on which the allowance will be applied are: Europopular: Horizonte 75, Crecimiento 100, España, USA y Gestión Total.
Investors can choose to have lower allowance percentages of 5%, 3% or 2% with shorter investment periods.