After joining the personal pension system, it is necessary to open a personal pension fund account, and the amount of personal pension payment is directly entered into the personal pension fund account. The money in the personal pension fund account can be used to buy exclusive personal pension wealth management products, which can bring users an extra income. Of course, this income, like personal pension, needs to meet the conditions before it can be taken out. So what are the personal pension wealth management products? Let's get to know each other.

what are the personal pension financing products?

there are four main types of personal pension financing products, namely, pension savings, pension funds, pension insurance and bank pension financing products, in which pension savings and bank pension financing products are launched by commercial banks, pension funds are issued by fund companies and pension insurance is issued by insurance companies. The characteristics of different wealth management products are different. Users can check the corresponding wealth management products directly through the commercial bank where they open an account and choose the wealth management products that suit them to invest.

1 old-age savings: the biggest feature of this kind of products is that they are relatively safe. The so-called old-age savings are similar in nature to bank time deposits, and they are capital-guaranteed products. The old-age savings in the personal pension is basically to move the time deposit, the term and interest are no different from the time deposit, and the interest is relatively low.

2 pension fund: the product library of personal pension is second only to that of pension savings. The characteristics of this kind of products can be said to be the opposite of old-age savings, that is, the benefits and risks are relatively high. Because of the greater risk, pension funds also have a better chance to obtain higher returns. A better pension fund can achieve an annualized rate of return of more than 7%-8%.

3 endowment insurance: it is a wealth management product for the aged introduced by insurance companies. The biggest feature of this wealth management product is its long term. However, since personal pension can only be withdrawn after retirement, the impact of long insurance period will not be great.

4 bank pension financing: in terms of security, after pension financing and pension insurance, the rate of return is higher than that of pension savings and similar to that of pension insurance.