CNP Partners, the Spanish subsidiary of the French insurance company CNP Assurances, has partnered with Morningstar Spain to launch three pension to be exclusively online contracted.
They will mainly invest in funds or ETFs and are especially aimed at an audience with knowledge of the markets, used to the tools and services of Morningstar who may also appreciate the effect of low costs for long-term savings, the Spanish insurer echoed.
CNP Partners will be responsible for the pension management on the advice of Morningstar, which will also be the asset allocator. These are the CNP Partners Morningstar Conservador (mixed fixed income), the CNP Partners Morningstar Moderado (mixed variable income), and the CNP Partners Morningstar Dinámico (variable).
Jean Christophe Mérer, CEO of CNP Partners, said: “This collaboration with Morningstar enables us to advance in the development of the open distribution strategy that we have been working for several years.”
Davide Pelusi, CEO of Morningstar Spain, added: “We are very pleased to be working with CNP Partners on this innovative project which aims to help Spanish investors to achieve their long-term financial goals. Collaboration relies on innovative technologies, methodologies and designs, and is essential to understand that the first step to get a successful retirement plan relies on the combination of low-cost investment with the appropriate asset allocation. ”