Pension financial management is here, how do you and I choose

　　Our reporter Guo Ziyuan

　　Recently, the long-awaited "pilots of financial management products for the elderly" officially opened.

The China Banking and Insurance Regulatory Commission issued the "Notice on Launching the Pilot Program of Pension Wealth Management Products" (hereinafter referred to as the "Notice"), selecting "four institutions in four places", namely ICBC Wealth Management in Wuhan and Chengdu, CCB Wealth Management and China Merchants Bank Wealth Management in Shenzhen , Everbright Wealth Management launched a pilot project of financial management products for the elderly in Qingdao.

　　Among them, CMB Wealth Management pension wealth management products will soon be launched in Shenzhen.

"CMB Wealth Management will further improve and enrich pension financial products under the guidance of supervision, and contribute to the construction of my country's pension security system." said Zheng Fuxiang, Chief Product Officer of CMB Wealth Management.

　　So, what is the significance of launching the "Pilot of Pension Financial Products" this time?

What exactly are "old-age financial products"?

How will you and me choose?

　　Promote the "third pillar" pension

　　With the further deepening of the aging of our country's population, the imbalance problem of the existing pension security system has become more and more prominent. The concentrated expression is that the role of the "third pillar" has not been fully utilized, and the supply of "third pillar" financial products for the elderly is insufficient.

　　At present, the proportion of the elderly population in my country is rising rapidly, and aging has become a basic national condition in my country for some time to come.

According to the seventh national census, the proportion of the population aged 60 and above has reached 18.70%, an increase of 5.44 percentage points compared with 2010, of which the proportion of the population aged 65 and above is 13.50%.

　　"Since the 1990s, my country has begun to explore the establishment of a modern multi-pillar old-age security system. At present, a'three-pillar' old-age security system has been initially established." Zheng Fuxiang said, that is, the "first pillar" represented by basic old-age security. , The "second pillar" represented by occupational pension security and the "third pillar" represented by personal pension security.

　　However, compared with the mature old-age security system in developed international markets, my country's old-age security system still faces some problems and challenges.

To this end, the "14th Five-Year Plan" outline clearly states that it is necessary to achieve national overall planning of basic endowment insurance and develop a multi-level and multi-pillar endowment insurance system.

　　"We have a good foundation for achieving national co-ordination of basic pension insurance, but the'second pillar' supplemented by corporate annuities and occupational annuities, and the'third pillar' supplemented by personal savings pension insurance and commercial pension insurance 'Still unbalanced development.' said Wang Xinghai, general manager of China Merchants Bank's pension finance department.

　　Wang Xinghai said that the current coverage of corporate annuities in my country is relatively small. Even if the occupational annuities of institutions and institutions that are being fully launched are included, the total number of people covered by the "second pillar" does not exceed 70 million, which is far from alleviating the pressure on basic pension insurance. Expected role.

　　Because the "second pillar" and "third pillar" are insufficient, Chinese residents still tend to "buy a house for retirement."

"However, the model of real estate as the main body of wealth cannot effectively cope with the aging of the population. Chinese residents need to make further adjustments in the wealth structure and pension reserves." Yan Dapeng, head of the pension wealth management business department of Taikang Asset Management Co., Ltd. Say.

　　What is the difference between "old-age financial management"

　　It can be seen that it is of great significance and imperative to promote the construction of the "third pillar" old-age security system.

This pilot of pension financial products is one of the important attempts to enrich the supply of the "third pillar" pension financial products.

　　"Developing pilot projects for pension financial products is an important measure for the banking and insurance industries to adhere to the people-centered development concept, deepen the structural reform of the financial supply side, and steadily advance the reform and development of pension finance." The relevant person in charge of the China Banking and Insurance Regulatory Commission said.

　　Specifically, the pilot period is one year; in the pilot phase, the total scale of funds raised by a single pilot institution's pension financial products is limited to 10 billion yuan.

　　In order to ensure the stable and orderly development of the pilot work, the "Notice" requires the four pilot institutions to do a good job in product design, risk management, sales management, information disclosure and investor protection, and strictly follow the existing systems of wealth management business and pension wealth management products To ensure the prudent compliance of related businesses, keep the bottom line of risks, and ensure the stable operation of pension financial products.

　　At the same time, we must continue to clean up financial products that do not match the name of "old-age", and maintain a good order in the pension financial market.

　　"Elderly financial products have three major characteristics." The above-mentioned person in charge of the China Banking and Insurance Regulatory Commission said, one is to meet the needs of long-term elderly care, the other is to meet the characteristics of the life cycle, and the third is to adopt a prudent asset allocation strategy, the purpose of which is to broaden the property of residents. Income channels.

　　Zheng Fuxiang said that the investment strategy of pension financial products is stable, the risk control management is prudent, and the function design is fine. Differentiated investment arrangements are made for investors of different ages and different risk and return preferences, which will help investors to "plan early and deploy early." "It is believed that pension financial products will become an important part of the "third pillar" of my country's pension security.

　　Based on the above characteristics, the investment period of pension financial products is also longer, and the main investment direction is related to the national strategy and industrial policy.

　　"On the one hand, this helps to cultivate investors' concepts of'long-term investment long-term return, value investment creates value, prudent investment and reasonable return', and meets the people's diversified pension needs." said the relevant person in charge of the banking wealth management registration and custody center. On the other hand, this also helps to provide long-term stable investment funds for the long-term financing needs of social and economic development.

　　Investors need "three attentions"

　　Compared with existing commercial pension insurance products, why choose a commercial bank wealth management subsidiary this time to expand pension investment channels?

　　"Compared with other financial institutions, bank wealth management participation in pension investment has inherent advantages." Zheng Fuxiang said, first, the bank serves a wide range of individual customers, which can effectively broaden the coverage of pension products; second, after years of practice, the bank's wealth management team Possess macroeconomic research and judgment and the ability to allocate large categories of assets, which can bring long-term and stable returns to pension products.

　　“In the next step, the China Banking Regulatory Commission and the banking insurance regulatory bureaus in pilot areas will strengthen the supervision and management of the pilot work of pension wealth management products, and timely evaluate the pilot work and summarize the experience, so as to promote the wealth management companies to provide more in-depth services for multi-level and multi-pillar pension insurance. The construction of the system will promote the common prosperity of all people and create good conditions." said the above-mentioned person in charge of the China Banking and Insurance Regulatory Commission.

　　Then, how should investors choose their own pension financial products based on their actual conditions?

According to a number of industry insiders, there are three major factors that need to be considered.

　　One is to consider one's own pension needs and judge whether long-term pension investment is needed; the second is to consider one's own capital situation and choose an investment method that suits oneself; the third is to consider the risk-return characteristics of pension wealth management products in combination with one's own risk preference, and choose risk Pension financial products that match the situation.

　　It is worth noting that investors also need to be highly vigilant about "fake" products.

“Elderly wealth management products have a significant “elderly wealth management product” in the product name and sales documents as an identification. Investors can check the detailed information of senior wealth management products through pilot institution outlets, online banking, and mobile banking apps, or through China Wealth Management Network conducts inquiries and comparisons." The above-mentioned person in charge of the banking wealth management registration and custody center said that China Wealth Management is a national banking wealth management product information inquiry website designated by the China Banking and Insurance Regulatory Commission, providing investors with the authenticity of wealth management products and wealth management product information inquiries. , Financial management classes, etc.