On February 9th, 65438, China Asset Management Association released one of the "Questions and Answers on Personal Pension"-how to invest personal pension in Public Offering of Fund, and made a detailed explanation on market concerns such as account opening, payment and investment channels.
At the end of last month, the highly anticipated personal pension fund was officially launched, and the third pillar of pension entered the substantive operation stage. Regarding this emerging thing in the capital market, the China Foundation said that the fund industry should gather all forces, attach importance to the whole life cycle service and companionship for investors, guide the public to establish a healthy and scientific pension investment concept, and let more people enjoy the personal pension system dividend.
Personal pension investment "tutorial" released
On February 9th, 65438, China Asset Management Association released one of the "Questions and Answers on Personal Pension"-how to invest personal pension in Public Offering of Fund, and made a detailed explanation on market concerns such as account opening, payment and investment channels.
First of all, how to invest in personal pension fund products? It can be divided into three steps:
The first step is to open an account. To participate in personal pension, you need to open two accounts: one is a personal pension account established on the Ministry of Human Resources and Social Security personal pension information management service platform; The other is a personal pension fund account opened or designated in a commercial bank.
The second step is to pay the fee. The prerequisite for participants to enjoy tax incentives is payment. The insured person can pay to the personal pension fund account by means of transfer or cash deposit from commercial banks and non-bank payment institutions, and can choose to pay by month, installment or year. The payment amount shall be accumulated according to the natural year, and shall not exceed1.2000 yuan per year.
The third step is to invest. The way to realize the preservation and appreciation of personal pension and improve personal pension security is investment. Personal pension fund account opening and personal pension fund investment are two independent links. If the bank where the fund account is opened belongs to the sales organization of individual pension funds, participants can directly open a special trading account for individual pension funds in the bank for investment in individual pension fund products. Participants can also enter the personal pension area through the personal pension fund product manager and the official website or mobile phone client of the non-bank fund sales organization, open a personal pension fund special trading account, and bind the personal pension fund account into a settlement account for personal pension fund product investment.
The China Foundation said that commercial banks, securities companies and independent fund sales organizations are encouraged to strengthen cooperation in fund account opening, account binding and personal pension fund product sales, so as to provide participants with more convenient investment services.
The specific flow chart of investing in personal pension fund products is as follows:
So, which channels can invest in personal pension fund products? It is understood that the directory of individual pension fund sales organizations is determined by the CSRC and released to the public through the website of the CSRC, the website of the fund industry association and the industry platform of individual pension funds every quarter. According to the directory of individual pension fund sales organizations published by official website (as of 2022 165438+ 10/8), the first batch of 37 organizations can sell individual pension fund products, including 6 commercial banks 14 securities companies14 independent funds. In addition, according to the Interim Provisions on the Management of Personal Pension Investment and Public Offering of Securities Investment Funds, fund managers and their sales subsidiaries can handle the sales-related business of personal pensions raised by fund managers.
The China Foundation said that it encourages all kinds of sales organizations participating in Public Offering of Fund's personal pension investment to strengthen cooperation, adhere to the priority of investors' interests and appropriate management, enrich their own product lines, and provide participants with more choices of personal pension fund products.
What Public Offering of Fund can individual pension funds invest in?
The catalogue of individual pension funds is determined by the CSRC and released to the public through the website of the CSRC, the website of the fund industry association and the industry platform of individual pension funds every quarter. According to the catalogue of individual pension funds issued by official website (as of 2022 10/818), the first batch of 40 fund managers 129 pension target funds were included in the scope of individual pension investment in the pilot stage, mainly including 50 pension target dates FOF and 79 pension target risks FOF.
It is understood that the pension target fund refers to the publicly raised fund, which aims at pursuing the long-term stable appreciation of pension assets, encourages investors to hold it for a long time, adopts a mature asset allocation strategy and reasonably controls the risk of portfolio fluctuation, and operates as a fund in a fund (FOF) or other forms recognized by the China Securities Regulatory Commission.
The product investment strategy of pension target fund mainly includes target date strategy and target risk strategy. With the approach of the target date (generally regarded as the retirement date), funds adopting the target date strategy will gradually reduce the allocation ratio of equity assets and increase the allocation ratio of non-equity assets. Usually, the name of the fund product will contain the words "pension+specific year". Funds adopting target risk strategy set the benchmark allocation ratio of equity assets and non-equity assets according to specific risk preferences, or define portfolio risks (such as volatility) by widely recognized methods. ) and take effective measures to control the risk of the fund portfolio. The name of the fund product does not contain the specific year, but contains words that reflect the risk level, such as steady, balanced/balanced, positive and so on.