Frequently asked questions
Does CPIC pay, like insurance companies, a guaranteed interest rate on the money paid into beneficiaries’ accounts?
No. Any surplus realised by CPIC’s investments is added immediately and in its entirety to the beneficiaries’ capital after deduction of expenses.
Between 1973 and 2022, the mean annual performance of the main portfolio, i.e. the growth portfolio expressed in euros, was 5.65%.
Between 2004 and of 2022, the mean annual performance the growth portfolio expressed in euros was 4.25%.
As for the rate of interest credited by insurance companies, it is the one applicable at the moment the payments are received and is not guaranteed for future payments. It should be borne in mind that insurance companies do not distribute the entire surplus that remains after deduction of expenses.
On the subject of expenses, what can we say?
CPIC, being a non-profit-making organisation, has no shareholders and no marketing outlay. It obtains competitive rates for the collective investment of the beneficiaries’ assets through the banks commissioned by it.