France: Pensions and Investment News and Analysis

Latest news and analysis of pensions, asset management, regulation and trends in France from our award-winning journalists.

Pension Funds in France - Country Report

Paris- protesters outside the Assemblée Nationale

Pensions in France - IPE Country Report

Fierce opposition from trade unions and a large part of the political spectrum did not manage to stop Emmanuel Macron’s plan to reform the French pension system. The new framework kicks in this month, and the long-term sustainability of public pensions is secure. However, French workers will have to work longer into their lives, and their standard of living will decline. 

TOP FRENCH PENSION FUNDS 2023

Pension fund/entity | Assets (€’000)

  1. Agirc-Arrco | 67,700,000
  2. ERAFP | 38,200,000
  3. La Mondiale Retraite Supplémentaire | 31,180,000
  4. Fonds de Réserve pour les Retraites (FRR)  | 21,300,000
  5. Ircantec |13,980,000

©IPE Research;  See IPE’s Top 1000 Pension Funds for the full ranking

Key fund data for France

France key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022

TOP MANAGERS: FRENCH INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. Amundi | 744.476*
  2. Natixis Investment Managers  | 472,009
  3. Ostrum Asset Management | 359,578
  4. AXA Investment Managers | 234,198**
  5. BNP Paribas Asset Management | 190,052*
  6. Ofi Invest | 154,800**
  7. Generali Investments | 72,986***
  8. Groupama Asset Management | 64,701
  9. Allianz Global Investors | 57,366
  10. Swiss Life Asset Management | 30,652**

As at 30.6.23, *31.3.23, **31.12.22, ***30.6.22

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

 

IPE European Pension Fund Awards

IPE BEST PENSION FUND IN FRANCE AWARD WINNERS

  • 2023 - ERAFP
  • 2022 - AG2R La Mondiale
  • 2021 - ERAFP
  • 2020 - AG2R La Mondiale
  • 2019 - AG2R La Mondiale

Find out more about the IPE awards and how to be involved