10 10/3 1 day, xingyin wealth management's first pension wealth management product "xingyin Anyu 1" was officially launched, which is also the 10 institution that officially issued pension wealth management products.
Since the approval of the old-age financial management pilot last year, the scope of the pilot and the number of products have continued to grow and are widely sought after. Yang Haiping, a researcher at the Securities and Futures Institute of the Central University of Finance and Economics and general manager of the research and development department of bank of inner mongolia, said in an interview with the Securities Daily that with the promotion of the pilot project, the wealth management products for the aged will gradually mature and become one of the most important theme asset management products. Under the background of aging population, financial products for the elderly will play a greater role in many aspects.
High distributed heat
"Before, many customers consulted pension wealth management products, and the market attention was really high. Especially for new products, customers will basically make an appointment in advance. " This is the feedback from the account manager when a reporter from Securities Daily visited a Beijing branch of a stock bank.
Ms. Jiang, who is over 50 years old, told reporters that she has begun to make pension plans in advance, so she is more concerned about pension wealth management products. She believes that pension financial products have lower risks and higher yields than similar products, which is the investment preference of pension financial products.
In addition to investors like Ms. Jiang who plan for the elderly in advance, young people born after 1985 also actively participate in the snapping up of wealth management products for the elderly. For example, Ms. Zhou, who holds a issued wealth management product for the elderly, told the reporter, "This year, the equity market continues to fluctuate, and with the downward interest rate, the income of equity products such as stocks and funds I bought is not ideal, and I want to buy some relatively stable wealth management products. After consulting the bank's wealth management manager and some people in the industry, they all recommended me the more popular old-age wealth management. The performance benchmark is higher than that of similar products, and the term is five years. After various comparisons and considerations, I finally decided to try to buy it. At present, the old-age wealth management products I bought are all floating. "
Since 20021and 65438+February, four wealth management companies, namely ICBC Wealth Management, China Construction Bank Wealth Management, China Merchants Bank Wealth Management and China Everbright Wealth Management, have taken the lead in issuing wealth management products for the aged in Shenzhen, Wuhan, Chengdu and Qingdao. Since March this year, the pilot areas of wealth management products for the aged have been expanded to Beijing, Shenyang, Changchun, Shanghai, Wuhan and Guangzhou.
According to the data of China Wealth Management Network, as of June10,31,49 pension wealth management products have been issued by bank wealth management subsidiaries. The reporter found out that the current fundraising methods of pension wealth management products are all public offerings, and the starting point of investment is 1 yuan; Product design is mainly based on closed fixed-income products with medium and low risks and a term of five years or more; The performance benchmark of most products is between 5% and 8%.
The reporter noted that most of the wealth management products for the elderly currently issued only charge an annual management fee of 0. 1% and a custody fee of 0.0 1%, and even some products have "zero rate". For example, the subscription rate, sales commission rate and management rate of "No.65438 +0, closed for five years" are all in 0 yuan, and only 0.0 1% custody fee is charged.
Yu Baicheng, president of Zero One Research Institute, told the Securities Daily reporter, "With the increasing trend of aging population in China, the demand for pension financial products is rising. With the continuous expansion of pension financial products and institutions, pension financial products will usher in faster development. "
The product system will be more perfect.
With the continuous development of financial products for the aged, financial management subsidiaries constantly optimize the construction of their own financial management system for the aged. For example, the relevant person in charge of wealth management of Xingyin told the Securities Daily that the company will continue to improve the comprehensive service plan for pension finance, develop pension wealth management products according to investors' long-term pension needs, and build a pension wealth management business system from product structure, investment strategy, risk control and market sales, reflecting the long-term, robust and inclusive nature of pension wealth management.
The research report of Puyi standard points out that with the continuous enrichment of the supply of wealth management products for the aged, the problem of product homogeneity gradually emerges. The market expects more innovations in the investment period, liquidity support, risk protection, investment strategy, marketing services and other aspects of pension wealth management products, and creating differentiated competitive advantages will become the key to the further development of pilot institutions.
"In the future, there is still room for improvement in the supply of products for different age groups. In order to better match the risk preferences and asset allocation needs of different customer groups, it is necessary to set up sub-series on the basis of steady investment and promote the multi-asset and multi-strategy exploration of pension wealth management products. " Yif Wang, chief financial analyst of Everbright Securities Research Institute, told the Securities Daily reporter.
Yif Wang believes that in terms of optimizing the product liquidity experience, pension wealth management products usually have a long term, and it is necessary to better meet the liquidity needs of customers through cash dividends and flexible redemption arrangements. In view of the relatively weak investment and research ability of wealth management companies, Yif Wang believes that wealth management subsidiaries can cooperate with fund companies with the help of "external brains" to obtain better returns.
Lou Peng Fei, a researcher at China Postal Savings Bank, believes that in order to develop pension financing to better serve residents' pension needs, we should first highlight its pension attributes from the goal of pension financing, adhere to the concept of inclusiveness in product design and operation, be safe and steady, and pursue preservation and appreciation; Secondly, as a product of the third pillar pension insurance, pension financing should be based on commercial positioning; Thirdly, we should standardize the development of pension financing, standardize the design and distribution of pension financing products, ensure the effective implementation of pension attributes, do a good job in product sales management to ensure prudent and compliant exhibition industry, do a good job in product information disclosure to ensure investors' right to know, and improve the risk management mechanism to ensure that the risk bottom line is maintained.
"In the future, with the in-depth promotion of product pilots, the pension wealth management product system will be more perfect and further promote product innovation, thus laying a solid foundation for its comprehensive promotion." Yif Wang said.
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