0 1 Why did you choose five cities and four major banks for the pilot project? Dong Ximiao, chief researcher of Zhilian Finance, told Zhongxin.com Finance that the pilot was carried out in five cities: Hefei, Guangzhou, Chengdu, Xi and Qingdao. The pilot area covers East China, South China, Southwest China and Northwest China, which is conducive to mastering and mastering the needs of depositors in different regions for old-age savings according to the pilot situation.
However, the four major banks have many business outlets, rich online and offline services and a large number of customers. It is conducive to better meeting the requirements of many residents' old-age savings and facilitating more residents to handle the old-age savings business process.
What's the difference between 2002 and previous savings deposits? There are three specific retirement savings products: fixed deposit and lump-sum deposit and withdrawal. The product life is divided into four grades: 5 years, 10 years, 15 years and 20 years. The annual interest rate of products is slightly higher than the five-year deposit listing rate of large banks. The savings cost of depositors' specific old-age savings products in a single pilot financial institution is limited to more than 500,000 yuan. Dong Ximiao analyzed that compared with ordinary savings deposits, specific old-age savings products have three characteristics: long term, many varieties and high annual interest rate.
The key lies in the long term. First, there are four periods, at least 5 years and at most 20 years, which meet the purpose of long-term pension service; Secondly, there are many varieties, such as time deposit and lump-sum deposit and withdrawal, and different depositors have different requirements. Third, the interest rate is high, slightly higher than the five-year regular listing interest rate of large banks. The lower interest rate will be locked in the downward cycle of interest rates and will enjoy preferential tax policies in the future. Depositors are limited to a single pilot financial institution to deposit more than 500,000 yuan, which will allow more depositors to participate in the pilot pension savings.
What is the practical significance and function? In order to further promote the reform of pension finance, provide rich and colorful third-pillar pension financial products, and further meet the diversified pension needs of the masses, the China Banking Regulatory Commission and the People's Bank of China decided to carry out specific pilot work of pension savings.
Dong Ximiao said that China has entered an aging population, but at present, the multi-level old-age security system in China is not fully developed and balanced, and it is highly dependent on the first pillar, that is, old-age insurance; The second pillar is the slow development of annuity and enterprise annuity; The third pillar, that is, commercial old-age security, has just started. Therefore, accelerating the innovation of financial products in the old-age service industry and giving full play to the supplementary effect of the third pillar of old-age security will provide diversified financial information services for the old-age service industry as soon as possible, thus making China's old-age security system more perfect.
In Dong Ximiao's view, this specific pension savings pilot will independently innovate products and services according to the preferences of Chinese people, which will help to further provide colorful pension financial products, and work together with pension wealth management products, pension insurance products and pension fund products to better meet the public's demand for the third pillar of pension security.
Is 04 worth buying? Products more suitable for low-risk preference residents The person in charge of the relevant departments of the China Banking Regulatory Commission has previously introduced in detail that the specific old-age savings business process is both inclusive and old-age service, with long commodity term, stable profit and guaranteed interest, which can meet the old-age needs of low-risk preference residents.
Ceng Gang, director of the Shanghai Finance and Development Laboratory, told the media that the needs of the public for the aged are diversified, which means that the risks and benefits of financial products for the aged are bound to be different. Specific pension savings products are obviously more suitable for customers with relatively low risk appetite. Another potential advantage of this product is that you can enjoy China's tax policy by purchasing assets through personal pension fund accounts.
Dong Ximiao suggested that from the product itself, it is more suitable for those people with low risk appetite, no requirement for liquidity, and the pursuit of perfect income, which is more in line with the long-term pension needs of residents. In the next step, we should further enrich the colorful pension savings products and improve the term structure. We can also take some temporary liquidity support measures, such as giving some early withdrawal and pledge loan services to depositors when they are sick, so as to meet the diversified requirements of users as soon as possible.
It is understood that in the next step, the CBRC and the People's Bank of China will closely follow the specific old-age savings pilot, strengthen supervision and management, ensure the safety and stability of the pilot, and effectively protect the legitimate rights and interests of consumers. At the same time, timely summarize and evaluate the pilot situation, moderately study the experience of marketing promotion pilot, and promote the construction of a multi-level, multi-support and stronger banking service endowment insurance system. How to treat the new measures of providing for the aged?
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