Retirement savings plans continue to gain popularity among the French. By the end of 2025, the total amount held in these plans had exceeded a record €150 billion, confirming the rapid growth of this product created by the PACTE law to encourage individual and group retirement savings. Growth has remained particularly strong for the past two years, driven by concerns about pensions and the search for investments offering higher returns than regulated savings accounts.
The number of account holders is also constantly increasing. Several million French people now have a PER (Retirement Savings Plan), whether individual or offered through their employer. These contracts are particularly attractive due to their flexibility: the option of a lump-sum withdrawal, managed investment options, and early withdrawal for the purchase of a primary residence.
The French are gradually shifting their savings
The slowdown in returns on traditional savings products plays a significant role in this dynamic. With the Livret A savings account less attractive and inflation still high, some households are turning to long-term investments offering higher return prospects. Retirement savings plans (PERs) also benefit from their tax advantages, which have become a major selling point in wealth management strategies.
This significant increase in activity is gradually transforming the French savings landscape. Public authorities see the development of the PER (Retirement Savings Plan) as a tool to further finance businesses and the real economy, while banks and insurers are now multiplying their offerings around private retirement plans.
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