There is a benchmark range for bank pension financing, which is about 5%-8% at present, so we can see that its income is not fixed. This income range is only the current expectation and will change with the changes of the market in the future.
In addition to the pension financing of banks, there are also pension financing of fund companies and insurance companies. Among them, the profit and loss of fund companies' pension financing changes with the fluctuation of fund net value, and the change range is usually greater than that of banks' pension financing. In essence, it is a fund, which can't guarantee the principal, and the principal faces greater risks. The pension financing of insurance companies has both fluctuating income and minimum guaranteed income. The general income is relatively low, which is essentially insurance, paying attention to the guarantee function, and the principal is relatively guaranteed, but early surrender often suffers a relatively large loss of principal.
The differences between different pension financing are as follows:
1, the pension financing of insurance companies is usually called commercial pension insurance, and the common types are dividend-sharing, universal and investment-linked insurance. One of the characteristics of this kind of pension financing is that the income is relatively guaranteed, and some even have guaranteed income. Investors are less likely to lose money, but their income is relatively low. Another feature is that the term is relatively long, usually starting at least three to five years, or even decades.
2. The bank's pension financing is a wealth management product issued by the bank, and it is still in the initial stage of the pilot. The benchmark rate of return given by the pension financing of various banks is basically between 5% and 8%, and the term is basically five years, which is not too long or too short. This kind of pension financing belongs to non-guaranteed floating income financing, not only the income is not guaranteed, but also the principal is not guaranteed, so its risk is slightly higher than insurance financing.
3. Pension financing of fund companies. Pension financing issued by fund companies is also called pension target fund. One of the characteristics of this kind of pension financing is that the term is relatively short and the liquidity is good. Another feature is that the risks and benefits are relatively high, and the ups and downs depend on the market, which is the biggest risk of capital preservation.