Reporter Leng Cuihua
Zhu Qing (pseudonym), who works in Beijing, opened a personal pension account and also opened a capital account in a bank, she wanted to buy a personal pension insurance product for the national pension, but she found that the last step could not be done, and she could not buy it.
Since the launch of the individual pension system four months ago, relevant financial institutions have actively carried out investor education, enriched investment products, and continuously expanded the capacity of investable products. However, in practice, there are still some problems. For example, the reporter of "Securities Daily" learned in the interview that many people opened capital accounts, but when they wanted to buy products, they found that they might not be able to buy what they wanted.
In this regard, industry insiders believe that the last step of participating in personal pensions can be explored.
The product continues to expand
The individual pension system is an important measure to improve the multi-level and multi-pillar endowment insurance system and standardize the development of the third pillar endowment insurance. Chen Hui, director of the China Actuarial Science and Technology Laboratory of the Central University of Finance and Economics, told the "Securities Daily" reporter that from the actual situation of the second and third pillars of China and international experience, personal pension and personal pension products are the focus of future development, especially individual pension products.
Financial institutions actively promote individual pension business. From the perspective of the library of investable products for personal pensions, the four major categories of products continue to expand. According to incomplete statistics from the national social insurance public service platform, China Banking and Insurance Credit and other platforms, as of March 3, there were 24 financial products in the four major categories that met the regulations. Among them, there are 654 savings products, 465 fund products, 143 insurance products and 25 wealth management products.
On March 3, Li Zhong, vice minister of the Ministry of Human Resources and Social Security, said at the press conference on the "employment and social security work" of the new State Office that at the end of last year, the individual pension system was launched in 2 pilot cities and regions. In the three months since its implementation, the number of participants has reached 36.3 million.
"Participating in a personal pension can not only enjoy tax incentives, but also be equivalent to saving a sum of money for yourself every month, so I participated at the end of last year, and I recently made deductions when I conducted the annual tax calculation." Zhang Qing (pseudonym) told reporters.
The purchase channel is not yet open
According to the Measures for the Implementation of Individual Pensions, individual pensions implement the individual account system, and the contributions are entirely borne by the participants, who independently choose to purchase financial products that meet the regulations, implement complete accumulation, and enjoy tax incentives. Theoretically, participants can choose their own investment products according to their own investment preferences. However, from the reporter's investigation, at present, there are still some "blocking points" for participants to achieve real independent purchase.
According to Zhu Qing, there are currently only two types of products that can be invested in the personal pension area of the bank APP she opened an account: one is a product with three different terms of deposit; The other is that the fund has 3 but does not have the investment products she wants to buy. The bank's customer service staff said that at present, insurance products and wealth management products have not yet been launched, and there is no online schedule for the time being.
So, can Zhu Qing buy the investment product she wants directly from the insurance company? After counseling, she got the answer: Not for the time being.
According to the national pension customer service staff, consumers can purchase their personal pension products in two ways: one is to purchase online through official micro, and currently only supports the purchase of personal pension accounts opened in 9 banks such as Industrial and Commercial Bank of China and Bank of Communications; The other is to buy offline through banks, and there are currently 11 banks that can buy. But unfortunately, no matter which purchase method, there is currently no bank that includes Zhu Qing's account, so Zhu Qing is temporarily unable to buy the investment products he fancy.
Another interviewee, Gao Gang (pseudonym), showed the reporter the personal pension section of the China Merchants Bank APP. The reporter saw that the four major categories of personal pension products have been put on the shelf, but the number is relatively small. For example, as of March 3, there were only four individual pension products.
At present, the situation of ICBC, China Construction Bank, China CITIC Bank, Bank of Beijing and other bank apps launching individual pension products is different, on the whole, the number of fund products on the shelves is large, and the number of investment products on the shelves is small.
From the perspective of the self-operated network platform of insurance companies, insurance companies such as Chinese Life, Taiping Life, National Pension, and Xinhua Insurance have set up individual pension business areas on self-operated platforms, and some have opened insurance functions. However, the same problem is that the bank personal pension fund accounts that can be used for payment supported by the self-operated platform are very limited, and if the insurance company and the banking system are not connected, participants will still not be able to insure.
Explore the possibilities of a unified sales platform
Some respondents told reporters that they opened a personal pension fund account but could not buy the investment products they wanted, which affected the consumption experience of investors to a certain extent.
"The money has been deposited, but I can't buy the product I want, there are fewer products to choose from, and the purchase period is longer. So, the money is still lying in the account. Zhu Qing said.
Gao Gang has opened a personal pension fund account but has not yet saved money into it, one of the reasons is that there are still relatively few optional products on the bank APP, and the other reason is that he also wants to observe the investment rate of these products.
Industry insiders believe that the total number of personal pension products is large, but consumers feel that there are fewer optional products, which is related to the current sales model of personal pension.
Chen Hui said that from the perspective of consumers, buying personal pensions in the bank APP or unified platform is the simplest and most convenient, but there is currently no unified sales platform, mainly banks are selling various products, other financial institutions lack the motivation to actively sell, which also appears in theory free purchase is difficult to land, participants can actually buy what products, mainly depends on the docking between financial institutions, looking forward to later can explore a path, so that participants can achieve real free purchase.
Fang Lianquan, researcher at the Institute of Social Development Strategy of the Chinese Academy of Social Sciences and secretary-general of the World Social Security Research Center, told the "Securities Daily" reporter that at present, personal pension products mainly rely on bank sales, but the pension products sold by banks have not achieved full coverage. He suggested that the personal pension national public service platform information system should be improved, and unified with financial institutions, in which not only all investment products can be queried, but also a "supermarket" of personal pension products, and consumers can really freely choose through different channels. (Securities Daily)