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AG2R
Humanis and AG2R La Mondiale to Merge Employee Savings Businesses
French life/health mutuals Humanis and AG2R La Mondiale in May 2018 announced they would merge their employee savings activities. French “employee savings” plans (“plans d’épargne salariale”) come under two guises, PEE – Plan d’épargne entreprise (“corporate savings plans”) and PERCO – Plan d’épargne pour la retraite collectif (“group pension savings plan”), and are tax-advantaged, employer-sponsored investment vehicles run by, but legally separate from, insurance groups or banks. Tax advantages