FinecoBank makes its debut on the PIR market, offering its customers, through its platform, the individual savings plans that arrived on the market this year.
Recently introduced with the 2017 Budget Law, the PIRs have the main objective of encouraging medium-long term investment and supporting the economy by facilitating access to credit for Italian companies. By the rules in fact, at least 70% of the investment must be focused on financial instruments issued by Italian or foreign companies with permanent establishments in our country. Furthermore, at least 21% of the total value must be invested in instruments of companies other than those listed on the Ftse Mib.
In particular, Fineco's financial advisors will be able to propose PIRs through web-collaboration from the X-Net cyborg-advisory platform, where all the documentation relating to the plans will be available, in addition to the reporting.
For FinecoBank financial advisors, meetings with customers follow one another to illustrate the characteristics of the product and the methods of underwriting. The PIR offers the customer the opportunity to benefit from the total exemption of withholding and substitute taxes on any profits, coupons and dividends of financial instruments and from inheritance tax, provided that these are held in the same PIR for at least five years without interruption .
