In recent times, many citizens have become accustomed to living, almost on a regular basis, with uncertainty. The emergence of the Covid-19 pandemic, international conflicts, the energy crisis and inflation have led to scenarios of greater volatility in the financial sphere than we could have foreseen in the past. To these macroeconomic concerns are added – especially as we get older – other more specific ones.
From a certain point on, it becomes completely natural to ask yourself: do I have enough money to face the arrival of retirement without worry? The question is not easy to answer. The increase in longevity has meant that today there are about 18 million people over 55 years of age in our country who will stop working in the next decade. Furthermore, there is a decrease in income when we retire, and everything indicates, according to data published by the OECD, that the relationship in Spain between the amount of the retirement pension with respect to the last salary received will be increasingly smaller.
Therefore, more than ever, having a solid pension plan becomes crucial to complement the public pension and be able to enjoy the well-deserved rest, after a life of work, without clouds on the horizon. Aware of this need, at MAPFRE they have been working for years to accompany their clients from the moment they decide to start saving for retirement, which they advise to be as soon as possible from the moment the worker begins his or her working life. To make undertaking this process truly worthwhile, the insurer makes available to the public several solutions designed to complement the public retirement benefit.
It is a series of solutions designed to adapt to all types of profiles, which seek to enable each person to achieve the set capital objective, saving periodically and counting, to do so, on the personalized advice of MAPFRE experts, who They are responsible for determining which is the best option depending on the case.
The insurance company has managed to carry out a pioneering initiative in the financial sector, called Your Future Program, which seeks to accompany the client throughout their life, from the moment they decide to start the savings process. MAPFRE automatically adjusts the savings that the client makes, according to their risk profile and their age.
Depending on these factors, each client is placed at any time in one of the eight baskets of pension plans available, with a maximum degree of investment in variable income and managed by MAPFRE experts. Alternatively, the so-called Insured Pension Plans (PPA) are private savings instruments whose objective is to complement Social Security retirement benefits, with an important advantage: like pension plans, they manage to reduce the base general personal income tax taxable amount in accordance with the maximum limits established by law.
In the case of this solution, a guaranteed return is applied to each of the contributions made, along with other economic conditions that apply at all times, depending on the residual duration until the planned retirement date stipulated in the contract. These types of plans are especially designed for those people who prefer to make contributions occasionally, with complete security and without depending on what happens in the markets. In addition, it has additional capital for death, and offers the possibility of rescue and liquidity similar to what is contemplated in the Law for Pension Plans. It can be contracted from 37 to 66 years of age, with a minimum duration of 1 year and a maximum of 30. In addition to the fiscal attractiveness, flexibility and security, another of its advantages is the possibility of mobilization to another PPA of which you are a policyholder. or to another pension plan in which you are a participant.
MAPFRE also remunerates transfers from other entities to its Tu Futuro Program in the form of clovers, the company's particular loyalty currency, which can be used to obtain discounts on insurance premiums (taking into account that each clover is equivalent to 1 euro). . Until December 31, clients under 60 years of age who transfer their pension plan to one of the 8 portfolios of the program will obtain a remuneration of 6% on the rights mobilized, with a maximum of 9,000 euros, while those over 60 will get 5%, with a limit of 7,500 euros.
In order to benefit from this campaign, you must be registered in the free Club MAPFRE loyalty program and join the Your Future/EPSV Life Cycle Program. It is also essential that the total amount of mobilized rights be at least 6,000 euros and comply with the permanence established in five and four years, according to the aforementioned age groups, respectively.
In order to contribute to the increase in health and financial education – elements that today form part of society's main concerns –, MAPFRE has developed an online savings simulator, which allows users to obtain, with just a couple of of clicks, a personalized savings plan, adapted to your priorities and financial situation. This tool, a pioneer in the financial sector, is now available on its website and in the entity's offices. Its purpose is to teach clients how to get the most out of their money by investing from €1 a day.
Through four questions related to how much they would be willing to invest, their savings objectives, the economic situation they are in and the age at which they begin to make this contribution, the simulator offers different tailored savings and investment solutions. The insurer also has another interesting tool, MAPFRE Afín, which allows you to make the best use of your savings, choose the most convenient investment and follow the evolution of the contracted products, all directly from your mobile phone. With it, the client can know the global position, as well as the details of the securities and cash accounts, pension plans and savings insurance, in a much more intuitive and visual way. In addition, you can consult all the movements made through a new panel, which shows, on a single screen, the total balance and the list of products that the client has contracted.
This exclusive app offers the possibility of handling and managing cash accounts, and also ordering purchases, sales and transfers of funds and securities in a more agile and simple way. As a novelty, the client has a single registry to make contributions and follow-up to pension plans and life or savings insurance, among many other actions, without having to refer to other websites or applications. The technological tools that we have just described are an example of MAPFRE's vocation to stimulate its financial culture and, at the same time, take care of its clients' savings. The insurance company's experts seek to make money grow so that each user sees how their goals can become a reality. In often uncertain times like these, putting ourselves in the hands of those who truly know about saving is the best way to prepare ourselves to enjoy the future.
