No, the lifetime annuity paid by the Filar Mortgage Fund is independent of the benefits from the Social Insurance Institution and received allowances. Receiving a lifetime annuity does not affect the pension, and the pension will still be paid as before. A lifetime annuity is an excellent way to supplement pension with an additional, constant, tax-free amount paid for life.
Yes, a lifetime annuity is also an excellent way to settle debts. With the possibility of receiving an additional lump sum at the start of the agreement, it is possible to repay debts, settle with relatives, pay for surgeries, rehabilitation or finance the trip of a lifetime. It is up to you what you use the paid money for.
The Filar Mortgage Fund allows renting the flat and deriving financial benefits from it. Our Clients receive a lifetime annuity and can also earn rental income. This way, they retain the possibility of returning to their flat.
No, there is no such limit. Even if the total value of the paid annuity exceeds the property value specified in the agreement, the Filar Fund is obliged to pay the lifetime annuity benefit. The annuity is paid for life.
An AIC is an alternative investment fund created under the Act on Investment Funds and Management of Alternative Investment Funds. The purpose of AICs is to collect assets from many investors to place them in the interest of these investors in accordance with the investment policy and strategy.
The Filar AIC is under the supervision of the Financial Supervision Authority. The Filar AIC's main area of activity is investing in entities of the regulated market, which are loan institutions listed in the register of loan institutions (reference: https://rpkip.knf.gov.pl/index.html?type=RIP) and entities granting secured loans.
The Filar AIC operates based on the investment policy and strategy approved by FSA.
According to the recommendations of FSA, the Filar AIC does not offer and has never offered so-called investment notes.
FSA warns against offering so-called investment notes, the use of which constitutes a circumvention of the Act on Investment Funds and the Public Offering Act. (reference: https://www.knf.gov.pl/dla_konsumenta/kampanie_informacyjne/Weksle_inwestycyjne ) Additionally, the Office for Competition and Consumer Protection has repeatedly penalized companies for using so-called investment notes (reference: https://www.sii.org.pl/16080/analizy/newsroom/uokik-kontra-weksle-inwestycyjne-kolejna-kara-nalozona.html )
According to the regulations, raising funds for lending activity by entities that are not banks or AICs is illegal.
The primary form of securing investments made by companies in which the Filar AIC invests is real estate. This makes investments in the loan market characterized by easy valuation of the underlying assets.
Moreover, loan institutions in which the Filar AIC invests generate profit based on the costs in the concluded agreements, not based on the expected future value. The value of alternative assets: diamonds, alcohols, or artworks is more prone to speculation, and their valuation requires specialist knowledge.
Unlike development companies, Filar AIC does not plan profit for investors based on the future value of possibly sold built properties, but from repaid loan instalments, and ultimately from established legal collaterals, or during debt collection.
Investment in the Filar AIC is not covered by the BGF guarantee. The Filar AIC mainly invests in companies that grant mortgage-secured loans. The value of the property often exceeds the value of the loan several times, which minimizes investment risk.
Every investment involves risk. If someone claims that a given investment is not burdened with risk, they either do not know it or are lying.
Knowledge about risk, e.g., incorrect valuation of deposits, enables taking appropriate measures and procedures to minimize it. Being aware of potential risks, the Filar AIC selects companies for its portfolio that follow a reliable creditworthiness assessment, debtor base analysis, and apply material collaterals.
Bank deposits guaranteed by the Bank Guarantee Fund are risky, as funds accumulated in a deposit above the statutory amount are not covered by the guarantee.
Even government bonds carry investment risk, as the state can also lose the ability to regulate its obligations.
The Filar AIC was established based on the experiences gained by the company's authorities while running Fundusz Hipoteczny Filar sp. z o. o. and a leading entity mediating in granting mortgage loans, Hipożyczka sp z o.o/
The Filar AIC is engaged in the secured loan market as it aims to minimize investment risk. The real estate, being the main collateral for loans, has real value, which can compensate for any losses resulting from non-repayment by borrowers.
The General Meeting of Shareholders (investors) has several rights to control the company's activities, arising from mandatory legal provisions and the company's articles of association. Additionally, the Investor receives quarterly reports on the company's activities.
The investment in the Filar AIC is maintenance-free. The role of the investor is limited to acquiring shares of the Filar AIC, while the manager deals with capital allocation according to strategy and investment policy.
Besides minimizing investment risk, the goal of the Filar AIC's policy is to generate above-average return on capital. Therefore, the Filar AIC can be an alternative to investing independently in bank deposits, stocks, bonds, or real estate.