[Explanation] As China gradually entered an "aging" society, the "silver economy" came into being.
However, in recent years, there have been frequent thunderstorms in many nursing homes, cases of illegal absorption of public deposits targeting the elderly have occurred in many places across the country, and many problems such as unbalanced development of elderly care services and incomplete elderly care systems have become increasingly prominent.
Recently, Jin Li, a member of the National Committee of the Chinese People's Political Consultative Conference and deputy director of the Department of Economics and Management of Peking University, said in an interview that we should vigorously develop pension trusts, give play to its institutional advantages, strengthen market supervision, and promote the development of the third pillar of pension security.
[Concurrent] Member of the National Committee of the Chinese People's Political Consultative Conference Jin Li, Deputy Director, Department of Economics and Management, Peking University
The problem now is that after financial institutions or pension institutions collect this money, they spend it on other channels, and it is not really used to invest in various careers of pension.
After the money is spent, these pension institutions will no longer work and they will run away.
The money must be earmarked for use. First, it should be placed under a special trust account of the special account. This trust account guarantees and supervises its safety. Once the funds are used for other purposes, the trust account will not be approved. In fact, this approach is to establish this sense of trust as soon as possible when our supervision and legislation are relatively lagging in the short term.
[Explanation] Pension trusts mainly take advantage of the trust’s property independence and flexibility and other functions to take advantage of trust account risk isolation and flexible payment to provide beneficiaries with services such as fund supervision, rights protection, and personalized distribution.
Currently, the third pillar of China's pension insurance system is still in the early stages of development.
According to the "Research Report on the Third Pillar of China Pension Funds" issued by the Insurance Association of China in 2020, it is estimated that there will be a pension gap of 8 trillion to 10 trillion yuan in the next 5 to 10 years.
Under these circumstances, pension trusts have great development potential.
[Concurrent] Member of the National Committee of the Chinese People's Political Consultative Conference Jin Li, Deputy Director, Department of Economics and Management, Peking University
The reason why I particularly emphasized trust is that it has a very strong ability to integrate financial services and the real economy. At the same time, it also provides products ranging from short investment periods within one year to medium investment periods to long-term investment periods. , 30-year or even longer investment, it can stretch the flexibility of this investment.
These advantages make the trust have great potential in supporting the third pillar of commercial pensions in China in the future.
[Explanation] Jin Li said that at present, relevant departments have begun preparations for the establishment of a pension trust professional committee. 68 trust companies are trying to support the development of pension undertakings through a trust mechanism. In the future, more and more financial products will be in line with pension trusts. Under the premise of the functional structure, it is gradually introduced to the market.
When talking about how people should buy pension financial products, Jin Li suggested that you should consult professionals when buying, and don't trust the rhetoric of sales agencies.
At the same time, he also proposed that the country should come up with practical and relevant policies, such as tax incentives, to encourage young people to purchase financial products for the elderly, which is the basic guarantee for the construction of a safety net for the future of the elderly.
[Concurrent] Member of the National Committee of the Chinese People's Political Consultative Conference Jin Li, Deputy Director, Department of Economics and Management, Peking University
Properly pursue a reasonable rate of return under the principle of prudent investment.
If the rate of return exceeds 10%, it is a seemingly high risk.
Some products can be purchased with relatively risk-free, low-risk products, and a small amount of property can be purchased with a medium-risk product, but try not to touch high-risk products.
Old-age care should actually start to make precautionary arrangements from a young age. Many of our products for the elderly actually hope that in the future, through some policy support from various countries, such as tax support, young people will form a habit. , I have made some reserves for my old life from today, so that when I am old, I feel that I am inadequate because of the lack of these material foundations.
Reporter Liu Xuanting reports from Beijing
Editor in charge: [Zhang Kaixin]