165438+1October 25th, the general offices of Ministry of Human Resources and Social Security, the Ministry of Finance and State Taxation Administration of The People's Republic of China jointly issued a notice, allowing workers who have participated in the basic old-age insurance for employees or the basic old-age insurance for urban and rural residents to open individual pension accounts in 36 leading cities or regions.
According to the Measures for the Implementation of Individual Pensions, the funds in individual pension accounts can be invested in four categories: savings deposits of financial products, bank financing, commercial endowment insurance and Public Offering of Fund.
Among them, there are some distant post-80s and post-90s passion geometries. After the 80 s and 90 s interviewed by reporters, some have already acted, and some are waiting to see. "At present, I don't know much about the personal pension system and related financial products," Ms. Shi said in an interview. "Recently, the bank has pushed a lot of information and decided after in-depth understanding."
Ms. Zhang said, "Recently, the account has been opened, and the next step is to choose products."
According to the information disclosed by Huaan Fund, among the first batch of customers on the first day of open subscription, the post-80 s and post-90 s accounted for more than 80%; Previously, Huaan Fund launched an appointment channel for personal pension business. Among the reserved customers, customers aged 25-40 account for nearly 50%.
Information about opening a personal pension account is pouring in.
The personal pension system has attracted much attention from the market. From the perspective of the insured, employees in 36 leading cities (regions) who participate in the basic old-age insurance for employees or the basic old-age insurance for urban and rural residents can participate in individual pensions; Participants can enjoy the preferential policy of deferred tax payment, that is, the payment link and investment link are tax-free, and personal income tax is levied at 3% for the collection link, with the limit of 12000 yuan per year.
"Recently, many banks are pushing this information," Mr. Li said. For example, this bank just sent a message, "Come and open a personal pension fund account! The third pillar of state support has come, and individual pension accounts can enjoy tax incentives. Click to participate in the activity, enjoy the gold coupon account opening gift package, and additional multiple gifts are waiting for you, and the future pension plan will be solved in one stop. The number is limited, first come first served. "
It is reported that the first batch of financial institutions providing personal pension services include 6 large state-owned commercial banks, joint-stock banks 12, 5 city commercial banks, wealth management companies10/0, securities companies 14, 7 independent fund sales organizations and 6 insurance companies.
Liu Xinqi, chief analyst of non-bank financial industry of Guotai Junan, said that the opening, deposit and fund purchase processes of personal pension are smooth and concise, and the user experience is good, which is conducive to the rapid promotion of personal pension in the early stage. Individual pension accounts and fund accounts can be opened at the same time during the account opening process, and there is no need to open individual pension accounts separately through other platforms. In addition, there is very little information that needs to be manually input in the process of opening two accounts, and the processing process is very fast, which can be completed within 5 minutes basically. There is little difference between the deposit link and the investment link and the traditional bank card transfer and fund purchase, which makes it easier for customers to get started. Therefore, the overall experience is relatively smooth and concise, which is conducive to the rapid promotion of personal pensions in the early stage.
Choose products carefully after 1980s and 1990s.
According to the "2022 Contemporary Youth Pension Planning Survey" initiated by Morgan Stanley Fund, over 60% of the young people interviewed hope to prepare one or two million yuan to maintain a good living standard in their later years. As the respondents grow older, they feel more realistic pressure in the workplace and family life, and have higher expectations for pension reserve funds.
The post-80s and post-90s respondents said that they should pay attention to the quality of life for the aged-"material conditions" and "spiritual pursuit" are indispensable.
For example, after 90, Teacher Zhang said that anti-inflation should be considered when choosing wealth management products. "The core issue of personal pension is whether the designed products can make investors' long-term rate of return higher than the inflation rate and achieve higher value-added," Zhang said. "It is not urgent to look at the product strategy, but it is actually a good thing to be able to preserve it for a long time."
Compared with the post-90s generation, it seems that the post-80s generation, who have been married and started their career, feel greater pressure in life, have higher requirements for the preparation of providing for the aged, and have higher enthusiasm for personal providing for the aged. Mr. Hang said, "On the one hand, it is necessary to cope with the expenses of medical care and old-age care, on the other hand, it is also hoped to help children in case of emergency."
Ms. Shi said that in addition to meeting the basic material conditions, she hopes to do something she is interested in in in her later life. The old-age life she is looking forward to must have spiritual sustenance, and it is best to have relatives and friends to support the elderly together.
Liu Xinqi said that personal pension products include savings, wealth management, funds and insurance, and fund products are expected to gain a larger share, because institutions expect higher returns and have greater publicity. At present, savings products are only piloted in five places, and wealth management products have not yet been launched. The share of savings and wealth management products in the pension pilot is limited; The average yield of personal pension products in Public Offering of Fund in recent three years can reach 6%, which is higher than other products. At the same time, fund companies give preferential rates and continue to strengthen publicity. It is expected that Public Offering of Fund products will gain a large share in the personal pension pilot; At present, there are 7 personal insurance products for the aged, covering 6 insurance companies. Insurance products have a long holding period. Under normal circumstances, the starting date of receiving pension annuity should not be earlier than the insured's 60 years old, which has two advantages: ensuring income and resisting longevity risks.
The third pillar: the accelerated development of endowment insurance.
For the society, the formal implementation of the personal pension system is conducive to improving the multi-level and multi-pillar pension risk protection system and ensuring the quality of life of residents in their later years; For banks, insurance, funds, securities and other financial institutions, the personal pension system means a new round of opportunities, challenges and market competition.
The third pillar of endowment insurance is accelerating. Ye Haisheng, chairman of the National Pension Insurance, said that it is necessary to expand the coverage of the third pillar pension insurance. "The government should vigorously advocate and encourage individuals to pay commercial endowment insurance and encourage accumulation and planning in advance. Institutions involved in pension management should give full play to their respective professional advantages, work together to innovate product supply, and provide more pension financial products that are easy to understand, convenient to operate and stable in income for different groups of people. "
It is worth mentioning that on February 1 day, the CBRC issued the Notice on Launching the Pilot Program of Commercial Pension Business of Pension Insurance Companies to start the pilot program of commercial pension business of pension insurance companies.
Liu Xinqi said that since 2022, the state has intensively introduced policies to promote the establishment of the third pillar of pension. Insurance products have become an important part of the third pillar of pension with two advantages: ensuring income and resisting longevity risk. Following165438+1October 23, China Yin Baoxin disclosed seven personal pension insurance products covering six insurance companies, and this time, it launched four pension insurance companies' commercial pension business pilots, which is expected to support and supplement the personal pension system, promote the perfection of the third pillar pension insurance system and meet the diversified pension security needs of residents.
In addition, with the acceleration of population aging and the arrival of longevity era, the contradiction between supply and demand of nursing services for the elderly population is becoming more and more prominent. Zhang Yongqiang, head of life insurance and health insurance reinsurance business of Swiss Reinsurance in China, said that according to the market research and calculation of Swiss Reinsurance Company, the annual pension economic gap in China exceeds/kloc-0.5 trillion, and the accumulated gap during consumers' retirement exceeds 3 million, nearly three times that of the current market. Thus, the future development space of insurance in China is huge, and the demand for insurance protection is still very strong. From the perspective of industry participants, insurance companies have more professional technical reserves and capital reserves, and can also produce quality products and services more continuously.
With the improvement of the national pension system, I believe that with the efforts of all parties, the third pillar pension insurance can play an important role in building a high-quality pension life.