Based on the analysis of the financial products for the elderly currently on sale, we can find that financial management for the elderly can not really play its "pension" function. The positioning of bank pension financial products is still financial products, not savings products. Since it is a wealth management product, there are certain risks. Most people who need funds to support the elderly pursue lower risks or even capital preservation requirements, which has been even more challenged after the introduction of new regulations on asset management. Investors' demand for "pension" function can generally be divided into three aspects: security, liquidity and profitability.

In terms of security, the pursuit of capital security is the primary investment goal of pension investors. Judging from the wealth management products for the elderly issued this year, low-risk products accounted for the largest proportion, reaching 39.72%, followed by medium and low-risk products, accounting for 27.66%. The overall risk level is low, but it does not mean that there is no risk. Compared with ordinary wealth management products, pension wealth management products are more concentrated in low-risk levels, with lower risk levels and higher security; Compared with the pension product line of fund companies, bank pension products are more in line with their risk preferences and the investment habits of the elderly. However, it is worth noting that a large part of the old-age wealth management products on the market at present belong to capital preservation products. After the new asset management regulations, capital preservation products will soon disappear, bank wealth management will be managed in the form of net worth, and pension wealth management products will gradually transform into net worth products, and bear the fluctuation of yield brought about by market fluctuations.