eToro revealed this week that it has launched a retirement savings plan (PER) and life insurance offering in France through a partnership with Generali.
eToro Partners with Generali to Launch a PER and Life Insurance Offer in France
The new products are being offered via eToro’s French subsidiary, eToro Patrimoine, and mark a step in the platform’s expansion into long-term savings.
The announcement comes as shares of the stock brokerage platform surged in their Nasdaq debut on Wednesday, after it raised around $310 million in an initial public offering.
The PER and life insurance contracts are designed to suit a broad range of retail investor profiles, with both managed and self-directed investment options.
Users can select from portfolios based on risk tolerance or create their own allocation across more than 500 investment choices, including mutual funds, ETFs, equities and dated bond funds.
Julien Nebenzahl, President of eToro Patrimoine, said the launch “underscores our commitment to strengthen our footprint in a key market” and aims to help users “build a robust savings portfolio that allows them to grow their wealth for the long term.”
Corentin Favennec, Partnerships Director at Generali Patrimoine, added that the 100% digital products “perfectly fit into eToro’s value proposition.”
The move follows other enhancements for French users, including euro-denominated trading, a French IBAN, and broader access to French-listed stocks on Euronext Paris.
