Although 90.30% of the surveyed young people agree that the sooner the old-age care needs to be prepared, the better, but only 16.60% of them have already allocated relevant assets; among the surveyed young people, 66.8% said they do not know much about the personal pension system.

　　Before and after the introduction of the personal pension system, the proportion of people considering allocation of public funds increased significantly from 6% to 25.8%; 62.8% of the surveyed young people tend to obtain pensions through social media such as WeChat, Weibo, Douyin, and Xiaohongshu knowledge.

　　With the popularization of the concept of old-age care, especially with the introduction of the personal pension system, young people's "enthusiasm for old-age care" has also been mobilized.

Recently, Shanghai Investment Morgan Fund and Ant Financial Think Tank released the "2022 Contemporary Youth Pension Planning Survey Guide" (hereinafter referred to as the "Survey"). Better help young people make rational investment judgments, guide and cultivate healthy pension values.

　　According to the "Survey", although it has become a consensus to prepare for the elderly as early as possible, only less than 20% of the surveyed young people said that they would take action; although the aging of society is increasing day by day, the personal pension system has been gradually introduced. However, most of the interviewed young people still believe that relying on the stable payment of social security pensions is enough to cover pension problems; more than 60% of the interviewed young people rely on social media to obtain pension knowledge, and said that they cannot make independent judgments about the reliability of information... Contemporary youth There is still a lot of room for improvement in retirement planning.

　　Agree with the contradiction between "early care should be taken early" and "few actions"

　　According to the statistics of this "Survey", although 90.30% of the interviewed young people agree that the earlier the preparation for retirement, the better, but only 16.60% of them have already allocated relevant assets, and 43.7% feel that if people have no foresight, they will have immediate worries. At the same time, 39.7% of the young people surveyed said they had not taken any action.

　　In many cases, "unifying knowledge and action" is not easy to achieve. Regarding the above-mentioned contradictions in contemporary youth pension planning, Yang Jun, deputy secretary-general of Ant Financial Think Tank, said that there are four main reasons for this:

　　First, although most young people believe that pensions should be brought early, they are more concerned about career advancement, physical health, family harmony and other issues; second, most young people think that their income is acceptable and they have stable social security pension payments. Relying on "the state to support me" should not be a big problem; third, a considerable number of people believe that new pension models are emerging, and mutual assistance may be achieved in the future; fourth, my country's pension system is not yet perfect, and there are relatively few pension products and services suitable for young people to buy , Even if there is an idea, it is difficult to get company and growth.

　　With the deepening of social aging, the demand for social pension security is also increasing day by day. The State Council first proposed the concept of "three pillars" of the pension system in 1991, and gradually established a combination of basic pension insurance, enterprise/occupational pensions and personal pensions. pension system.

On April 21, 2022, the General Office of the State Council issued the "Opinions on Promoting the Development of Individual Pensions". Subsequently, on June 24, the China Securities Regulatory Commission studied and drafted the "Interim Regulations on the Management of the Public Offering of Securities Investment Funds for Individual Pension Investments". Draft for Comments)", the personal pension system has set sail.

　　Regarding the topic of "personal pension system", 66.8% of the surveyed young people said that they did not know much about it.

When talking about the reasons for participating in personal pensions in the future, 32.3% of the young people surveyed believe that pension planning is also a way of financial investment, which can help them accumulate more pension reserves. At the same time, 19.6% of the young people said they value the personal pension system more. Tax incentives that may be introduced in the future.

　　"This is related to the current specific development stage of our country. Pension is the core feature of a national system, and our country has just experienced a stage of rapid development in the past few decades, and the personal pension system has just started. Compared with mature countries, the concept of pension is relatively weak and normal, and it needs a long-term establishment process.” En Xuehai, Chief Investment Officer of Asset Allocation and Pension Management of Shanghai Investment Morgan, said, “We believe that with the development of the personal pension system, With continuous improvement, the motivation of young people to participate in pension investment and advance planning is expected to increase significantly."

　　Pension target date products are more popular

　　Specific to the preparations made by contemporary young people for the elderly, this "survey" also found several interesting phenomena.

　　For example, higher-income groups are more willing to spend on retirement savings.

The vast majority of the interviewed young people (83.0%) believe that the part of the monthly labor income used for pension reserves can only be controlled within 20% of the monthly income; however, those with an annual income of more than 500,000 are more willing to spend on pension When it comes to "spending money", half of the people tend to invest more than 20% of their monthly income in retirement.

　　Regarding the allocation of specific pension products, according to the statistics of this "Survey", dividend-returning products such as commercial pension insurance and whole-life insurance are the most popular among young people (65.3%), followed by savings deposits (54.6%) and bank wealth management (37.9%). %) and public funds (25.8%).

It is worth noting that before and after the introduction of the personal pension system, the proportion of people considering allocation of public funds has increased significantly from 6% to 25.8%, and the attention of pension target funds has increased significantly.

　　Yang Jun further analyzed and pointed out that the current scale of pension target funds in the entire market has reached 100 billion, of which about 85% are target risk products, and about 15% are target date products. However, products occupy the mainstream of consignment sales, and there are large differences between the supply side and the demand side of products, and there is still a lot of room for evolution in the future.

　　En Xuehai also said that among overseas pension funds, target date products occupy a larger share, and Shanghai Investment Morgan is also planning to issue target date products, which will be localized on the basis of the investment system of shareholder Fang Morgan Asset Management. Retrofit.

　　"The core of target date products is the design of the downward curve. JPMorgan Asset Management already has its own system, but it still needs to be localized when it is implemented in China. Factors such as the savings rate are taken into account in the design of the sliding curve." En Xuehai said.

　　Suggestion: make pension investment through small and high-frequency fixed investment

　　As the young generation who grew up on the Internet, the young people's views on the elderly are also deeply influenced by the information society.

In the "Survey", 62.8% of people said they would obtain pension information from new social platforms such as WeChat, Weibo, Douyin, and Xiaohongshu, followed by financial platforms (52.8%) and third-party wealth management platforms (51.5%). ), but about 67.1% of the respondents said that they could not make independent judgments about the reliability of the information, and the work of pension investment and education still has a long way to go.

　　To this end, En Xuehai and Yang Jun also said in the interview that the preferences of contemporary young people vary widely, and in the future, more platforms and more institutions will be needed to provide more diversified education content and differentiated services. There are two major recommendations for planning and investing:

　　First of all, young people should not equate pension investment with low risk and low return, but should view pension investment from a long-term perspective based on their own risk tolerance.

In fact, pension investment has a long cycle, and young people have a strong ability to resist risks. Therefore, young people can pay attention to portfolios with a high proportion of equity assets, and strive for long-term high returns while taking high risks.

　　Secondly, young people can use the method of small and high-frequency fixed investment to make some long-term allocations for the elderly in advance, so as to reduce the anxiety or pressure of the elderly in the future.

　　En Xuehai believes that one of the biggest risks of pension investment is that the return on this asset is not enough to beat inflation.

To overcome such risks, on the one hand, it is necessary to adhere to long-term fixed investment, which is the core assumption of pension funds;

Excellent pension products can reduce unsystematic risks such as individual stock risks and thematic investment risks through asset allocation on the basis of taking reasonable risks, and provide investors with full-life-cycle pension solutions.

　　Finally, Yang Jun also reminded that young people still have to consider their risk tolerance as a whole and choose products that suit them.

At the same time, raise awareness of risk prevention, and be wary of false propaganda and pension scams with high returns.