China's individual pension fund has just begun to be implemented. Because the closure period is too long, it is a closure period of twenty or thirty years. Such a long-term closed investment will require a relatively high stable income. The long-term return on investment of personal pension in developed countries is around 7% on average.

At present, savings deposits, wealth management products, commercial pension insurance, Public Offering of Fund and other personal pension products can all be invested in "personal pension accounts".

However, at present, "individual pension accounts" have been registered in the four major banks. At present, we only see funds and insurance, but not savings products. Therefore, I have never seen the interest rate of savings products in personal pension. It should be noted that at present, in individual pension, the fund also has a closed period of 1 year and 3 years. That is, the external personal pension fund account has a very long closure period, and then the financial products you buy also have their own closure period. In this way, if the savings products are divided into three years and five years, instead of one-time high-yield products such as 10 years and 20 years, it is estimated that it is not cost-effective to buy savings products in personal pension. I don't think it's cost-effective that the long-term annual rate of return of personal pension exceeds 7% in such a long closed period.

At present, our personal pension has just started, and the return on investment is still unknown. It remains to be seen. Generally speaking, personal pension has at least one more investment channel.