Citi and MetLife Europe (MetLife) has signed a commercial agreement that allows MetLife to offer a complete retirement plan to Citibank Spain clients.
Auvida is the suitable solution for retirement and complement the objectives of pension plans. It belongs to the group of products known as variable annuities, which are designed to accumulate resources and capital. The products have the ability to give protection, saving and income, similar to life insurance.
Both companies agree that a good retirement plan must take into account considering all the external aspects, such as market volatility, inflation, and interest rate instability that may adversely affect one’s investments.
Auvida allows retirement planning with a forecast of the minimum income required. Auvida invests in a combination of investment funds designed for people over 40. The client selects one of three investment funds, depending on the client’s investment profile. This product also allows accumulated capital, guaranteeing a minimum income for life for clients 55 and over.
Auvida offers adavantages such as security of capital, growth, control and flexibility and death coverage.
Fiscal benefits
José Pons, Director of Citibank Spain Investment Product, said: In uncertainty times, such as now, it is important to offer protection against market volatility to our clients. At Citibank, we work to offer our customers solutions to their financial needs, both current and future, and also to help them plan their retirement. The agreement with MetLife is in line with our priorities: client service, innovative products, product experience and risk management.
