The four major state -owned trials of specific pension savings can be stored for up to 20 years

Jimu Journalist Chen Hong

On July 29, the CBRC and the Central Bank jointly issued the "Notice on Carrying out the Pilot Work of Specific Pension Savings" (hereinafter referred to as the "Notice") stating that starting from November 20, 2022, ICBC, Agricultural Bank, Bank of China and Bank of China and Bank of China and Bank of China Construction Bank launched a pilot pilot of specific pension savings in Hefei, Guangzhou, Chengdu, Xi'an, and Qingdao, and the pilot period is tentatively set for one year.

In September last year, the bank pilot of the bank's pension wealth management was officially launched in the "four places and four institutions" (ICBC Financial Management in Wuhan and Chengdu, CCB Financial and China Merchants Financial Management in Shenzhen, Everbright Finance in Qingdao). Together the supply of pension financial products in my country. What is the significance of the pilot pilot pilot launched today? What is the difference between it is from regular savings?

Slightly higher than the five -year fixed deposit interest rate than large banks

Jimu Journalists learned that the "Notice" clearly conducts pilots of specific pension savings in five cities of Hefei, Guangzhou, Chengdu, Xi'an, and Qingdao by four large banks of Gong, Nong, China, and Jianjian. 100 million yuan, the pilot period is one year. Specific pension savings products include three types: rectification, zero deposit, and rectification. The product period is divided into 5 years, 10, 15 years, and 20 years. Time deposit interest rate. The principal of the deposit of a special pilot savings product in a single pilot bank is 500,000 yuan.

Given that the renovation of the pilot banking system takes a certain time, the start time of the pilot is around November 2022. The "Notice" also requires that pilot banks do a good job of product design, internal control, risk management and consumer protection to ensure the steady operation of specific pension savings business.

A banking industry told reporters that compared with regular savings, specific pension savings products also have three types of zero -deposit, rectification, and reorganization. They are more flexible. The difference is that regular savings are mainly 1 -year, 3 -year, and 5 -year products. The period of specific pension savings products is longer, reaching 5 years, 10 years, and the longest to 20 years. The storage households can buy appropriate products according to their age, such as retirement time.

From the perspective of scale, the "Notice" clearly states that during the pilot stage, the total scale of the special pension savings business of a single pilot bank is limited to less than 10 billion yuan. This means that during the pilot process of the next year, four banks will have a maximum of 40 billion yuan of pension savings.

From the perspective of pilot areas, the first batch of pilot cities are mostly rearranged with the previous pilot cities that have been carried out before. According to the information of the CBRC before, Guangzhou, Chengdu, Qingdao and other places are the current pilot pilot pilot. At present, pilot management of pension financial management runs smoothly, and related products are favored by investors. From the perspective of market participants, this will be conducive to the steady development and steady and orderly advancement of the relevant pilot business. In addition, these pilot areas represent the situation with different levels of development and can accumulate experience for later pilots.

Savings products to avoid investment risks

The "Notice" mentioned that the pilot pilot of specific pension savings is mainly to continue to promote the reform of pension financial reform, enrich the supply of third -pillar pillar pension financial products, and further meet the people's diverse pension needs.

The reporter learned that the third pillar pension financial product (the first pillar refers to basic pension insurance, the second pillar is the supplementary pension insurance of the employer, and the third pillar is personal pension). Fund, delayed commercial pension insurance, bank pension financial management. The personal pension products of these three sequences are different in risk and benefits.

The third pillar pillar pension financial products are gradually enriching. For investors, how to choose? Guo Tianyong, a professor at the School of Finance at the Central University of Finance and Economics, analyzed that some time ago, whether it was equity products or bank wealth management products, there was a net worth breaking value. Savings -type pension products will be very attractive for a large number of risks who do not like adventure investment.

Dong Dengxin, director of the Institute of Finance and Securities of Wuhan University of Science and Technology, also said that specific pension savings products first have the attributes of ordinary deposits in essence. It clearly stipulates the freedom of access, that is, if there is no external incentive mechanism, the depositer can use the money at any time, and it will lose the function of pension protection. Therefore, to set differentiated interest rates, it is significantly higher than ordinary deposit interest rates, which will be very attractive to ordinary people.

He also suggested that the third pillar pillar pension financial products should be diversified and competitive. Fund companies, insurance companies, and even securities companies can develop more pension target financial products like commercial banks for future personal pension accounts for investment choices.

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