Yes.
In order to ensure the safety of funds and maintain and increase their value, personal account funds should implement strict management and operation systems. Limit investments to solid varieties. For behaviors that violate the management system and cause damage to the fund, civil, administrative, criminal and other sanctions shall be comprehensively applied based on the subjective and objective aspects of the behavior.
While strictly managing personal account funds, we should innovate the management and operation system, break through the current model of direct operation by public authorities, make more use of market means to maintain and increase the value of the fund, and select appropriate funds. A private institution serves as the trustee and is responsible for the investment and operation of the fund. The prerequisite for the application of this indirect operating model must be to ensure the safety of funds.
Extended information
The selection and design of any system is based on its expected function as the starting point and destination. The design of the personal account system is also guided by the corresponding functional positioning, deducing various specific systems and norms and serving its functional positioning.
In my country's pension insurance system of "integrated accounts and accounts", the personal account system has the following two basic functions:
The first is the mandatory self-protection function. For insured employees, contributions to personal accounts are equivalent to saving for their old age. It has the characteristics of self-protection of self-storage and self-use. When an employee dies, his or her account balance can be inherited by his or her heirs.
The second is the fund accumulation function. The social pooling part of my country's basic pension adopts a pay-as-you-go system, and the personal account part adopts a fund accumulation system.
Reference materials Baidu Encyclopedia-Personal Account