Women WEALTH AN EXCLUSIVE BANKING SERVICE FOR WOMEN

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1 Women WEALTH AN EXCLUSIVE BANKING SERVICE FOR WOMEN

2 Design and production: Photo credits: plainpicture/johner, Zenshui, Folio Images, PhotoAlto, Fancy Images, Erickson, Lubitz & Dorner, Kniel Synnatzschke, Ute Mans. This brochure is printed on PEFC-certified paper derived from sustainably managed forests.

3 ESTABLISHING AN INDIVIDUAL RELATIONSHIP WITH YOU The Women & Wealth advisers at Banque de Luxembourg work closely with you to help you plan your financial and wealth management needs. By carefully considering your objectives and attentive to your private sphere, we are here to listen to your needs and contribute to finding solutions tailored to your particular situation. Would you feel more comfortable with a male or female adviser? We leave that choice entirely up to you.

4 Over the years, our female clients have often asked us for advice about personal, family, financial and wealth management matters. This has prompted us to look more closely at the banking needs of women. We have devised the Women & Wealth approach to banking, which revolves around building an individual relationship with each of our female clients. Our advisers know that everyone has their own particular requirements and circumstances. They can help you select investments best suited to your individual needs, prepare for your retirement, and suggest a range of solutions for your day-to-day banking needs. Keep up to date with developments on the financial markets and their impact on your investments at our regular conferences and themed workshops. Our specialists are also able to advise you in estate planning matters, particularly with regard to changes in your professional life or your family situation, as well as passing on assets or managing an inheritance. The ultimate aim of Women & Wealth is to establish an individual relationship with each of our female clients. We want to ensure that we are in tune with your personal situation and your wealth management needs so that we can serve you in terms of the information, support and guidance you require for your financial and wealth management needs throughout your life.

5 MANAGING YOUR SAVINGS P. 6 BANKING SOLUTIONS FOR YOUR CHILDREN P. 9 PLANNING FOR THE FUTURE P. 10 ESTATE PLANNING ADVICE P. 13 IDEAS FOR CHARITABLE GIVING P. 14 EVENTS AND WORKSHOPS P. 17 DAY-TO-DAY BANKING SERVICES P. 18

6 MANAGING YOUR SAVINGS YOU TEND TO THINK AHEAD AND LIKE TO KNOW ABOUT THE FINANCIAL IMPLICATIONS of your projects, especially when it comes to your family. Like most women, you are keen to set aside money for a rainy day. Perhaps you are planning to invest in a project that is important to you. You are cautious about what you invest in and tend to opt for security. You want readily accessible solutions and steer clear of complex products. TO HELP YOU MAKE YOUR MONEY GROW our advisers offer a range of tailored savings solutions that cover investment funds, capitalguarantee products, and money-market investments. They will give you advice based on your sensitivity to risk, your performance expectations and your investment horizon. All our solutions are designed to achieve steady capital growth over the long term. You put aside the amount of your choosing, you save at your own pace and for the length of time you wish. 6

7 I m planning a year s sabbatical to travel and experience other cultures. I m putting 250 a month into Savings Plan Solution 2. In five years time, I expect to have saved around 16,000 (1). (1) Calculation example provided for illustrative purposes, based on the underlying fund s performance record. Past performance is no guarantee of future results. 7

8 My 10-year old daughter receives a sizable sum of money every Christmas. I let her spend some of it and encourage her to put the rest in her savings account. This means that she can earn interest until she is ready to manage her money when she turns 18. 8

9 BANKING SOLUTIONS FOR YOUR CHILDREN SAVING FOR YOUR CHILD S FUTURE is probably one of your priorities as a parent. Opening a bank account for your child is a way for them to learn about responsibility. We offer a range of savings options for all ages, but your child has to be 18 to run their account totally independently and manage their investments themselves. GETTING YOUR CHILD STARTED EARLY in managing their savings is possible with the young person s savings account. You start saving for your child from birth and you will get a higher interest rate than on ordinary savings accounts. It s a good way for you to invest their pocket money and early savings. Another option is to open a savings plan. The savings plan is free of charge and your child s money is accessible at all times. Offering attractive potential for return, it can be topped up by you or another family member, and is an ideal solution for building up capital over the long term for future projects. RESPONSIBILITY AND FREEDOM FOR TEENAGERS We offer a range of products and services for young people aged between 12 and 18. These include the V PAY Young Person debit card (1) for withdrawing money and paying for purchases, an interest-bearing account including online access, a loyalty programme, a designated adviser as well as an advantages card offering discounts at a network of shops and services in the Greater Region. The independence of having their own debit card will help your children appreciate your confidence in the way they learn to deal with money. (1) Subject to conditions. 9

10 PREPARING FOR THE FUTURE WITH A LIFE EXPECTANCY OF 85 YEARS compared with 78 for men (1), you are likely to have a longer retirement. This, coupled with the fact that many women take career breaks, explains why you may face a more precarious pension situation than men. Your state and/or supplementary pension may not allow you to maintain your standard of living. It is therefore important that you plan ahead so that you can safeguard your financial autonomy in the future. BUILDING UP ADDITIONAL CAPITAL to bridge the difference between your salary and your state and occupational pension is the most effective solution. We advise you on the best solutions for optimising the capital you want to build up. As retirement approaches, the level of risk associated with your investments decreases and security needs to become a priority. The advantages of this approach are that savings are accessible at any time, you benefit from a preferential fee structure, and on retirement you choose how you want to receive your capital, as a lump sum or in regular payments. (1) Source: IRDS, Institut de recherche et de documentation en économie de la santé

11 11 I worked part time so I could be there for my family. I wasn t sure if I had paid enough contributions to be sure of a decent state pension. My adviser reassured me by calculating how much capital I had to build up to maintain my standard of living.

12 I m divorced and I have two children from a first marriage. I m planning to get married to my new partner who has a son from a previous relationship. We have considered the impact on my children s inheritance at an early stage and I feel very comfortable about my children s future. 12

13 ESTATE PLANNING ADVICE EVERYONE S SITUATION IS DIFFERENT: you may be single or married, with or without children, in a stepfamily, making career plans or thinking about a personal project While the priority is to make your money work for you, you may need to think about protecting it and making long-term plans. Our advisers are here to help you find solutions for protecting your assets and identifying the parameters that may affect your financial situation later. We analyse your needs and your personal and family situation to plan the best way of passing on your estate. WE ARE SPECIALISED IN wealth structuring for inheritance using specialised investment vehicles. We can advise you on passing on your wealth to your heirs (wills, gifts, including registered gifts, with a charge or usufruct etc.), and optimising the management of your assets (defining the performance/security profile according to short-, medium- and long-term objectives). We can also help you with the sale or transfer of your family business, your property portfolio or collections of artworks and valuables. 13

14 IDEAS FOR CHARITABLE GIVING ENVIRONMENTAL AND SOCIAL CONCERNS, FINANCIAL AND ECONOMIC CRISES... Women are becoming increasingly keen on ensuring their investments have an ethical and socially responsible dimension. And far from being a mere fashion trend, social finance has now achieved a definite degree of maturity in the financial world. Like you, we firmly believe that the creation of long-term value cannot be based purely on financial considerations. COMBINING ETHICS AND FINANCE. Are you looking to achieve balanced and sustainable growth of your investment without compromising on yield? The international equity fund BL-Equities Horizon takes a best in class approach and applies ethical criteria to the stock selection process. You can also invest in funds covering particular themes (such as renewable energy or ecology). Are you interested in investing and making a measurable social impact? Microfinance is a way of investing responsibly, combining financial return and social impact. Our microfinance funds invest mainly in microfinance institutions, and more specifically in microfinance networks focusing on women. Or perhaps you want to give some of your wealth to a good cause. Our teams will advise you on structuring your philanthropy project and help you manage your donation. 14

15 15 When I invest in a microfinance fund, I know that my money will go to an entrepreneur in the field and be used to finance specific projects that my adviser knows about. It makes me feel that I m involved and that I m doing something useful...

16 I believe in networking. I think it s really important to be able to discuss things with other women who share the same interests, in a friendly environment. 16

17 EVENTS AND WORKSHOPS WE KNOW THAT YOU CARE ABOUT THE WORLD AROUND YOU and that you want to participate in events that deal with matters relating to your finances, topical issues and society in general. Our regular events for female clients are an excellent opportunity to meet and converse with specialists from the Bank and outside experts, and other women generally. AS WELL AS OUR CONFERENCES AND WORKSHOPS on financial, legal and tax matters, we also organise events on topics related to family issues and social trends. Previous events have dealt with building up savings to help you bring your projects to life, financing a property purchase, taxefficient solutions for your investments, inheritance planning, children s rights in family disputes, women in business These events are designed to enhance your financial awareness and keep you informed about market trends and how they might affect your investments. WOMEN & WEALTH BLOG is a website for discussion and reflection on issues you care about. You will be able to follow market trends and take part in discussions on questions about portfolio management, asset engineering and charitable giving. (Currently in French) 17

18 DAY-TO-DAY BANKING SERVICES TO SIMPLIFY YOUR DAY-TO-DAY BANKING NEEDS, we offer a range of banking solutions, including a cash withdrawal and payment card, and a webcard for online shopping in complete security. THE VISA CREDIT CARD The VISA f credit card includes a comprehensive travel insurance package (delayed or lost luggage, delayed flight, missed connection and change of tickets, cancellation or interruption of your trip, vehicle hire excess) as well as purchase protection (for delivery of goods purchased on the internet, extension of manufacturer s warranty, insurance against theft of cash withdrawals). Contact one of our advisers to find out more. 18

19 The trip cancellation and interruption insurance cover provides security when I travel. If my trip is delayed, my transport and accommodation costs abroad are reimbursed.i don t need to take out additional insurance with my travel agent: that s certainly quite a saving!

20 Are you interested in finding out more about Women & Wealth? Contact our Women & Wealth advisers. n By femmes.patrimoine@bdl.lu n By phone : (+352) , Monday to Friday 8.30 am to 5 pm Join our blog to keep up-to-date with the latest news from Women & Wealth