Fund Channel, Amundi’s B2B fund distribution platform, and Union Mutualiste Retraite (UMR), a mutual organisation specializing in retirement savings, announce the creation of a strategic partnership agreement in the French mutualist retirement savings and life insurance sectors. With this agreement, UMR will have access to the vast panel of 600 asset managers available on the Fund Channel’s platform allowing it to diversify its offer of retirement savings investment solutions.
Created in 2002, the UMR core business focuses on complementary pension savings plans and manages €11.5 billion in assets (in market value) on behalf of its 374,436 members. An expert in retirement savings, UMR has developed a range of PER (French complementary retirement savings plan) in line with the PACTE Law, proposing a whole range of Units of Account (UA).
The partnership between UMR and Fund Channel has been in effect since early 2022. Moving forward, Fund Channel will cover all new PER products developed by UMR. UMR offers a true competitive retirement solution via multi-support individual savings plans. Furthermore, Fund Channel also supports the collection and recovery of commissions on behalf of the underlying funds.
“Thanks to the flexible and modular approach of Fund Channel’s services, we are improving the efficiency of our operational processes and the monitoring of our fund activities for the benefit of our clients. This partnership shows how strategic the fund business activity is for us; our aim is to offer unique and complete access through an innovative and digital platform, supporting the entire investment value chain” declares Philippe REY, Chief Investment Officer of UMR in France.
Pierre-Adrien Domon, Chief Executive Officer at Fund Channel, commented: “Planning for retirement savings is a central concern for French investors. Through its diversified offering, UMR contributes to the preparation of this key stage. I am delighted that Fund Channel is supporting the UMR with a range of high value-added solutions and is strengthening its presence in this very important sector of activity for France”.
About Fund Channel
A fully owned subsidiary of Amundi, the leading European asset manager, Fund Channel is a B2B fund distribution platform operating across Europe and Asia
Since 2005, Fund Channel provides innovative services to facilitate fund distribution, strengthen transparency, and improve processes for asset managers and fund distributors with the aim of enhancing their relationships with clients, partners, and regulators.
Fund Channel has more than EUR 330 billion of assets under intermediation providing a “one-stop-shop” solution for 600 asset managers and more than 100 distributors.
Specialist in retirement savings since 2002, UMR manages more than 11 billion euros in assets on behalf of its 380,000 customers. The UMR is part of a long-standing responsible investor approach, faithful to its mutualist values. Through its raison d'être "Together, let's build responsible savings to prepare for your retirement and contribute to a better life tomorrow", the UMR is committed to a long-term horizon. Its digital orientation and high quality of service contribute to a recognized customer experience.
Chief Executive Officer
Tel: +352 2673 4501
Marketing and Communication Manager
Tel:+352 2673 4517