In recent years, AVIC Trust has continued to delve into the field of elderly care services, comprehensively laid out the pension trust product matrix, and expanded the elderly care service system throughout the chain.
Since 2023, AVIC Trust has further deepened the second pillar of pensions, with frequent success stories in annuity trust allocation services.
“Through innovative practices in the field of annuity allocation services, AVIC Trust is committed to building a professional brand of entrusted annuity allocation to help build the second pillar of the pension system.” said Fan Hua, deputy general manager of AVIC Trust.
Trusts and trusts achieve new breakthroughs in annuity trusts.
Enterprise annuities and occupational annuities*** together constitute the "second pillar" of my country's pension insurance system.
With the improvement of my country's pension insurance system, the annuity system has made great progress.
As of 2021, the cumulative fund size of enterprise annuities has reached 2.64 trillion yuan, a year-on-year increase of 18.18%.
Since the unique property utilization, management and distribution system of trusts is highly consistent with the requirements of enterprise annuity management, trust products have gradually become an important asset allocation of enterprise annuities in recent years.
In 2020, trust products allocated to corporate annuities accounted for approximately 10%, and the product yield was as high as 6.01%.
With the gradual improvement of pension-related policies, the demand for corporate annuity trusts in my country is expected to grow year by year.
Against this background, AVIC Trust gives full play to the active management capabilities of trust companies, actively deepens long-term financial cooperation with annuities and other fields, launches "Tianhong" annuity trust products, provides professional annuity allocation services, and manages annuity funds with many enterprises.
Institutions form close cooperation.
Up to now, the company has obtained the qualifications of all annuity investment managers and cooperated with nearly half of the institutions.
In terms of product configuration, it relies on its professional management capabilities in asset allocation, customer management, product design, market development, comprehensive operations, etc.
Make full use of the resource advantages that have been deeply involved in the field of alternative investments for many years, accurately meet the long-term capital allocation needs, and customize high-quality allocation targets with stable returns and complete risk control for corporate annuity investment managers and trustees.
In terms of professional teams, the company has established a dedicated team and introduced professionals with service backgrounds in the annuity industry to gain an in-depth understanding of the rules and preferences for long-term capital asset allocation.
According to annuity needs, find and match high-quality assets and let professional people do professional things.
In terms of professional processes, unlike traditional trust business processes, the company has specially developed a green online review process to speed up decision-making and service efficiency.
On the premise that risks are controllable, response speed and market competitiveness can be improved.
Three major features create a new brand for annuity allocation. Since this year, AVIC Trust has focused on promoting the asset allocation path led by the investment research system, the entrusted service path led by scenario planning, and the digital service path led by technology empowerment, and continues to create greater value for customers.
value.
Through the "three characteristics", we will continue to improve our professional asset management capabilities and comprehensive management service capabilities, and fully support the construction of the elderly care service system.
Professional services: AVIC Trust focuses on elderly care services, continuously consolidates its service capabilities, and launches innovative services in multiple scenarios.
For example, in terms of institutional pensions, AVIC Trust launched Kunxian Pension Trust, which provides one-stop account management to achieve the three major goals of customer investment, pension and inheritance.
In terms of community elderly care, AVIC Trust has implemented a dual-trust system of property management service trusts, linking community development scenarios to provide third-party care for the elderly and special groups.
Comprehensive allocation system: In terms of professional asset allocation, AVIC Trust has built a new comprehensive solution-oriented refined wealth management model under the "North Point" asset allocation concept, and built a comprehensive wealth management system covering cash management, private equity,
Rich product lines such as long-term equity and non-standard debt.
Meet the long- and short-term investment needs of different types of customers; in the construction of the middle and back-end systems, relying on digital technology Fan Hua said that AVIC Trust will give full play to the "original" advantages of the trust system based on existing business, focusing on customer needs,
Focusing on alleviating the pressure on pension security, we will continue to explore and integrate trust solutions, continuously improve asset allocation, entrustment services and digital service capabilities, and create greater value for society.
This article comes from Trust Bros.
Related Q&A: How about AVIC Trust?
AVIC Trust was co-initiated and established by AVIC, Overseas Chinese Banking Corporation and other units, and has certain strength.
However, the profits of AVIC Trust declined significantly in 2019, and in 2020, it was punished by the Banking and Insurance Regulatory Commission due to risk control issues. In the development of its business, the trust has repeatedly encountered missteps, such as Yufu and Kangdexin.
Participation should consider risks.