1. Definition of personal pension security management products Pension security management business refers to the pension insurance company as the manager, accepting the entrustment of group clients and individual clients such as government agencies, enterprises, institutions and other social organizations to provide them with pension security

As well as fund management services related to pension security, including plan design, trustee management, account management, investment management, benefits payment, salary deferral, welfare plans, talent retention incentives and other services.

Simply put, it refers to the asset management products sold by pension insurance or pension companies to individuals or institutions, which can also be counted as financial products.

2. Characteristics of personal pension security management products: 1. Low threshold, with a starting investment of 10,000 yuan and increments of 1,000 yuan; 2. Flexible term, within 1 year or 1-3 years; 3. Diversified investment directions, according to insurance investment

Direction; 4. The purchasing channels are convenient, and can be purchased at the electronic and branch offices of the agency banks; 5. The benefits are substantial, generally because most pension security products are invested in long-term infrastructure construction and non-standard fixed income fields such as trusts and fund asset management.

Investment returns are higher.

3. Differences from traditional commercial pension insurance 1. Commercial pension insurance focuses on “insurance”, with insurance liability and risk coverage, mainly anti-risk; while personal pension insurance management products are financial products.

2. Pension insurance products need to accrue insurance liability reserves and risk reserves, while personal pension security management products only need to accrue risk reserves.

3. Personal pension security management products generally have different investment portfolios based on different risk tolerances, while pension insurance products almost have no investment options.

4. Personal pension security management products are somewhat similar to investment-linked insurance. After all, the investment scope during the pilot was to imitate investment-linked insurance.

5. The personal pension security management business is more like an enterprise annuity. The pension insurance company is responsible for the trusteeship, account management, and investment management, while a commercial bank is selected as the custodian.