Banks and funds have begun to deploy
It is reported that a number of fund companies are actively deploying individual pension projects. For example, China AMC has established an institutional framework suitable for pension management, equipped senior investment managers, built a complete product line, and provided a rich selection of pension products.
"At present, China Asset Management has established 9 pension target funds, and 2 are on sale. Among them, 5 target date funds can basically meet the pension investment needs of the post-70s to the post-90s." "Securities Daily" reporter said.
The above-mentioned person in charge said that at present, these products, like other funds, can be purchased normally, but they do not enjoy tax benefits.
In addition to fund companies, banks are also actively improving their pension account-related business systems. For example, China CITIC Bank launched the "Happiness+" pension account book, which will realize the collection and display of the first pillar, the second pillar and the third pillar pension assets, and present a cross-cycle, cross-platform and cross-asset category "pension book" for customers. . Through this function, the customer's pension assets can be displayed in a comprehensive manner, and functions such as summarizing pension assets, measuring pension gaps, planning pension plans, and providing pension services can be continuously optimized, thereby creating a one-stop platform for pension financial services.
Mingming, the chief economist of CITIC Securities, told the "Securities Daily" reporter that at present, commercial banks have advantages in account opening and product agency sales. They can reach the widest customer base and have irreplaceable uniqueness. In addition, the vast majority of individual pension accounts will be set up in commercial banks. This account is unique, and funds cannot be withdrawn in advance. Therefore, each customer can bring tens of thousands of capital deposits every year, which is of great significance to banks.
Liu Xiangdong, deputy director of the Economic Research Department of the China International Economic Exchange Center, told the "Securities Daily" reporter that banks, funds, etc. are actively involved in personal pension accounts and fund management. funds.
Investors expect personalized products
The above-mentioned "Opinions" stipulate that the upper limit for participants to pay individual pensions is 12,000 yuan per year. The state formulates preferential tax policies to encourage qualified personnel to participate in the individual pension system and receive individual pensions in accordance with regulations.
It can be seen that there are two advantages for investors to participate in personal pensions: First, it can reduce the current personal income tax payment; second, it helps investors to plan early, accumulate less, and realize long-term preservation and appreciation of pension assets to meet the needs of retirement. pension needs.
"Currently, banks' wealth management yields are low, while stock market volatility and risks are relatively large, so they cannot meet the needs of pension investment. The introduction of personal pensions can be used as a supplement to basic pension insurance. After retirement, you can have an extra income and further increase The standard of living after retirement.” An investor born in the 1990s told the Securities Daily reporter that at the supply level of pension security products, investors are looking forward to the launch of more diversified pension products that meet individual needs.
On June 8, Li Yimei, general manager of China AMC, said that in the future pension investment management, the importance of refined and diversified asset allocation will become more and more prominent. After more than 20 years of continuous evolution, my country's public funds have changed from a pure equity fund to an important variety that can be allocated in an all-round and all-weather manner. At present, the number of public funds in the whole market exceeds 9,000, and fund companies can provide rich resources for other pension asset management. The underlying configuration tool for .
In Liu Xiangdong's view, from a trend point of view, personal pensions are relatively flexible, highly selective, and enjoy preferential policies, emphasizing lifetime accumulation and closed accumulation, which can well meet the needs of individuals for long-term investment and supplementary security for pensions. In the future, with the gradual improvement of the personal pension system and the increasing variety of investment financial products in my country, it is expected that more investors will participate in the personal pension account plan.
Experts suggest increasing tax incentives
Yang Chang, head of the policy group and chief analyst of the China-Thailand Securities Research Institute, told the "Securities Daily" reporter that overall, the overall market share of my country's personal pensions still has a lot of room for development. In terms of the specific tax system, due to the relatively small number of individuals paying individual income tax at this stage, the population covered by the tax-deferred pension insurance is relatively narrow, and how to expand the coverage of low-income groups will be the focus of policy considerations.
It is clearly suggested that, in light of my country's national conditions, we should introduce stronger tax preferential policies and a direct subsidy system for low-income groups in a timely manner.
Wang Zhongmin, former vice-chairman of the National Council for Social Security Fund, said on June 8 that the more specific the regulations and measures for the implementation of individual pensions, the better, and the more granular the implementation of basic pensions, the better. The earlier the personal pension is implemented, the more active and effective the personal security system can be. At the same time, individual pensions must be managed independently from accounts, and at the same time meet the needs of the accumulation system.
Wang Zhongmin further stated that the investment of personal pensions into financial assets will vigorously promote the capital supply of the real economy. Therefore, tax revenue will not be reduced due to the tax exemption of personal pensions. Instead, long-term capital of personal pensions will enter the real economy, bringing about the prosperity of taxation and economic activities.
