Recently, I have to be screened by personal pension. I heard that you can not only offset taxes, but also save money for the elderly. Our younger generation has to support themselves, so we must do our homework well in advance. So today we will talk about what is a personal pension fund, hoping to help everyone, for your reference only!
The first batch of individual pension funds 0 1
At present, the first announced individual pension funds are limited to one type of pension FOF, but other types of funds are expected to be included in the future. By the end of the third quarter, * * * had 137 funds to meet the scale requirements of individual pension funds, but at present, only 40 products have announced the establishment of Class Y fund shares, that is, they have become individual pension funds.
(Class Y shares can only be purchased through personal pension accounts, and you can enjoy a 50% discount on fund management fees and custody fees. There is no sales service fee, which is more favorable than buying Class A shares. )
Among the 40 pension funds, there are 17 pension target funds and 23 pension target risk funds.
Of course, due to the different establishment time of pension FOF funds, different proportion of equity assets and different returns, it is not possible to simply evaluate the advantages and disadvantages of the first batch of pension funds by income level, but also to comprehensively consider whether it matches the individual's risk tolerance and expected return target, and what suits you is the best.
Income calculation of pension account 02
Let's figure out, if you need 1 10,000 yuan for old-age care after 60 years old, how is it realized?
Suppose we deposit 1 000 yuan in our personal pension account every month. According to the target income of 6% per year, deposit for 30 years, with the principal of 360,000 yuan and the due principal and interest of 1 10,000 yuan.
② Suppose we deposit 1 000 yuan in the personal pension account every month, and deposit it for 20 years according to the target income of 6% per year, with the principal of 240,000 yuan and the principal and interest due of only 460,000 yuan.
③ Suppose that we deposit 1 000 yuan in our personal pension account every month. According to the target income 10%, it will be saved for 30 years, with a principal of 360,000 yuan and a maturity of 2.2 million yuan.
The puzzle of pension system is more complete.
The CSRC implements catalogue management of individual pension funds, and the catalogue of related products is updated quarterly and dynamically adjusted and optimized. In the trial stage of the individual pension system, it is planned to give priority to the pension target fund with a scale of not less than 50 million yuan at the end of the last four quarters. In the future, with the gradual opening of the personal pension system, the product range will be further expanded, which is the embodiment of the regulatory policy of striving for stability.
The Interim Provisions put forward higher requirements for participating institutions, such as establishing a long-term assessment mechanism, formulating special systems and processes, and setting up a business area for individual pension investment funds. At the same time, the "Interim Provisions" pay attention to protecting the legitimate rights and interests of investors, and clearly stipulate the tips for the first investment, the appropriate management of investors, and pension investment.
In terms of fund sales organizations, the Interim Provisions put forward higher requirements in terms of operating conditions, internal control and compliance. Sales organizations need to meet the requirement that the equity funds and hybrid funds held at the end of the last four quarters are not less than 20 billion yuan, of which the equity funds and hybrid funds held by individual investors are not less than 5 billion yuan. In addition, the responsibilities and service contents of the sales organization are defined, and the requirements for investment promotion and publicity are put forward.
According to the "Interim Provisions", individual pension funds set up a special share, do not charge sales service fees, implement preferential rates for management fees and custody fees, and exempt sales fees such as subscription fees, so as to maximize profits for investors.
Wanjia Fund believes that the personal pension system is a collection of a series of cross-ministerial and cross-industry institutional policies. The "Interim Provisions" will be finalized after soliciting public opinions, which will become an important puzzle of China's individual pension system.
Guangfa Fund said that the release of the interim provisions, first, provides a more clear institutional arrangement for the industry to serve the individual pension in Public Offering of Fund; Second, it embodies a prudent and prudent development idea; Third, it embodies the industry concept of making profits for investors; Fourthly, the long-term goal of further expanding production capacity is put forward.
It is worth noting that the regulatory authorities will manage the catalogue of individual pension funds and fund sales institutions, update them in official website, fund industry platforms and information platforms at the end of each quarter, and remove unqualified products or institutions from the shelves from time to time. These measures reflect the real-time and continuous supervision mechanism of the regulatory agencies on individual pension products, and play an escort role in continuously protecting investors' pension investment needs.
Which institutions can participate?
According to the requirements in the Interim Provisions, the fund products, fund managers and sales organizations that meet the requirements in the current market can be calculated.
The products included must be pension funds with a scale of not less than 50 million yuan at the end of the last four quarters. Astronomical data show that by the end of the first quarter of 2023, 82 funds had reached the scale requirements, and the average rate of return of the pension target funds with satisfactory performance in the last four quarters was -2.4 1%, while the Shanghai and Shenzhen 300 Index (3996.866, -0.00, -0.00%) (3996.8662,-0.00).
The above 82 funds * * * come from 4 1 manager. According to the background of shareholders with the highest shareholding ratio, these 4 1 managers include 20 brokerage departments, 13 banking departments, 7 trust departments, 1 insurance departments and 1 personal departments. According to Chinese and foreign shareholding, it includes 16 domestic companies and 25 joint ventures. Huaxia Fund has the largest number of product management, with 1 1 products, and Bank of Communications Schroeder Fund has the largest product management scale, totaling 22.55 billion yuan.
The "Interim Provisions" clearly defines the sales organizations that carry out the sales-related business of individual pension funds. At the end of the last four quarters, the holding scale of equity funds and hybrid funds was not less than 20 billion yuan; The scale of stock funds and hybrid funds held by individual investors is not less than 5 billion yuan. According to the data and astronomical data disclosed by the fund industry association, by the end of the first quarter of 2023, there were 38 sales organizations that met the above two requirements, including China Merchants Bank (34.400,0.00,0.00%), Ant Fund, Tian Tian Fund, Industrial and Commercial Bank of China (5.030,0.00,0.00%) and China Construction Bank. 0.00%), China Bank (4.3 10, 0.00, 0.00%), Bank of Communications (5.930, 0.00, 0.00%), Agricultural Bank (3.6 10, 0.00, 0.00%).
What is an individual pension fund?
1. Target date fund: It means that as the target date approaches, this kind of pension fund should gradually reduce the allocation ratio of equity assets, such as reducing the allocation ratio of stocks, equity funds and hybrid funds, and increasing the allocation ratio of non-equity assets, such as increasing the proportion of bond funds and monetary funds. This kind of fund has a good recognition angle, that is, the words with time are generally used in the fund name. For example, Guangfa Pension is a pension fund with a target date of 2050. According to the prospectus for the establishment of the fund, it can be known that the fund will exist until 2050, during which it will be open for redemption every five years.
2. Target risk fund: This kind of pension fund should set the benchmark allocation ratio of equity assets and non-equity assets according to investors' specific risk preferences, or adopt widely recognized methods to define portfolio risks (such as volatility), and take effective measures to control the fund portfolio. This official statement sounds a bit awkward, but there is a good recognition angle that such funds are generally marked with the words "active, balanced and steady" in their names. For example, Xingquan Antai Balanced Pension fof is the target risk pension fund.