Since last year, banks have launched wealth management products for the aged. The investment period is five years, and the expected income of 5% has attracted some investors. So, do bank pension products really meet the needs of old-age care? Can it really be used as a pension investment? Is the 5% income expectation worth buying?

1. What is financial management for the aged? On the morning of December 3, 221, the first batch of four pilot products of pension financing in China, the national banking financial information registration system, was declared and officially unveiled, which means that the pilot project of pension financing in China was officially opened. The first batch of wealth management products for the aged came from four pilot companies, namely ICBC Wealth Management, CCB Wealth Management, CMB Wealth Management and Everbright Wealth Management, and have been sold to individuals with local ID cards in four pilot cities, namely Chengdu, Wuhan, Shenzhen and Qingdao. The investment starting point of the four products is 1 yuan, with a maximum investment of 3 million yuan, an investment period of 5 years, and a risk level of Grade II or III. The lower limit of product performance comparison benchmark is 5% for one product and 5.8% for the other three products. The financial management for the aged launched this time mainly invests in fixed-income assets, mainly in areas that are in line with national strategies and industrial policies.

second, what are the essential differences and similarities with ordinary bank financing? The main difference between pension financing and ordinary bank financing is that the term of pension financing is long, usually five years; The interest rate of financing is higher than that of ordinary banks. The term of ordinary banks' financial management is usually a few days-one year, and the time is shorter. After the funds and other financial management expire, they have to find a place to put money, and there is an interest rate vacuum period in the middle; The interest rate of ordinary bank financing is also lower. So, what are the similarities between pension financing and ordinary bank financing? They all belong to bank wealth management, not bank deposits, so according to the new asset management regulations, bank wealth management is not guaranteed. Therefore, pension financing also has the characteristics of not breaking the capital, and it will not break the capital because of the word "pension". Therefore, when purchasing, it is necessary to distinguish between bank deposits and wealth management products. Don't be confused by the so-called wealth management products for the aged. It is wrong to think that wealth management products for the aged are low risk and low risk equals no risk.

third, is pension financing really suitable as pension investment? Pension products should have four attributes: 1. Safety. When people reach the age of providing for the aged, they lose their ability to work, so the safety of funds is very important. Imagine that if you have worked hard to save money for a lifetime, there is a risk of losing the principal. In case the principal is reduced and the retired elderly people are unable to work, or they do not have the labor quality of their youth, then obviously, losing the principal is really a devastating blow to the elderly. The old-age wealth management launched this time has a risk level of Grade II or III, and it is still bank wealth management in essence. According to the new regulations on asset management, it is not guaranteed. Recently, according to media reports, as of February 15, 628 bank wealth management products have fallen below the net value, which has brought losses to bank wealth management customers. Most of these wealth management products are wealth management products with risk levels R1 and R2, and there are few balanced wealth management products R3. Therefore, buyers should not simply regard low risk as risk-free, and bank wealth management managers should not deliberately strengthen the low-risk characteristics of bank pension wealth management products, let alone induce stable and low-risk protection. 2. profitability. Pension products must have a certain profitability, otherwise, if you just burn deposits, the deposits will become less and less, and one day, the deposits will be exhausted. The income of the four types of pension financing launched this time is 5-5.8%. Objectively speaking, the income is good. However, in today's economic environment, it is unclear whether such income expectations can be realized. 3. Cash flow equal to life. What is life-long cash flow? That is, as long as you are alive, you will have a steady stream of money and pay it on time every month, which can bring a strong sense of security to your old age. In other words, this cash flow, which is as long as life, is to receive a pension every month or every year, and will not give all the money to the elderly at once. Even if you are cheated or lost occasionally, all your pensions will not be gone. It is not uncommon for old people to be cheated of their money, or to invest their own pensions at random. Originally, I could enjoy my old age, because I was dishonest and lost all the money I used to support my old age or was cheated.