What are the personal pension investment products?

Since November, the "Implementation Measures for Personal Pensions", "Announcement on Personal Income Tax Policies for Personal Pensions", "Interim Measures for the Management of Personal Pension Business of Commercial Banks and Wealth Management Companies", "Personal Pensions" The Interim Regulations on the Business Management of Publicly Offered Securities Investment Funds by Financial Investment and the "Notice on Matters Concerning the Development of Personal Pension Business by Insurance Companies" were intensively released; on November 25, the Ministry of Human Resources and Social Security announced the official launch of the personal pension system. A list of 36 pioneer cities (regions) including Beijing, Shanghai, Guangzhou, and Xi'an was also announced.

At this point, the layout of public, bank and insurance personal pensions has been completed, and various banking institutions with business qualifications have taken notice and immediately started handling personal pension accounts.

It is understood that many investors have said that they have received "customer solicitation" text messages from various banks. Many banks have launched marketing activities such as gift money for opening an account, red envelopes for opening an account, and gifts for opening an account. Bank employees also rushed to publicize the "end" in Moments and WeChat groups, which shows the banking industry's determination to seize the personal pension market.

Under the multiple beneficial activities, as a participant, how should ordinary investors open a personal pension account? How to choose investment products?

Banks are using all kinds of tricks to seize the opportunity to acquire customers

Due to the uniqueness of personal pension accounts, participants can only open one account, and it can bring data to financial institutions. Trillions of long-term, stable funds have therefore become a target that major commercial banks are competing for. At the same time as the personal pension system was opened, the first 23 banks qualified for personal pension business launched fancy marketing activities in an attempt to seize the opportunity to gain customers.

It is understood that customers can open personal pension accounts through various banks’ mobile banking apps, WeChat mini programs, and offline business outlets. At the same time, various banks have successively launched "account opening gifts" such as red envelopes for account opening, cash rebates for account opening, and pension gift packages, and their online and offline marketing efforts have continued unabated.

For example, China Merchants Bank launched a “double gift” activity for account opening. The bank’s mobile banking app shows that customers in pilot cities can receive up to 288 yuan in red envelopes when they open a personal pension fund account, and customers in non-pilot cities can receive up to 66 yuan in red envelopes when they reserve an account. Customers who have opened an account can also receive 10 yuan in personal pension deposits of 10 yuan. Red envelope.

In addition to getting a 58-yuan payment coupon gift pack when opening an account, Bank of Communications will also give an additional 50-yuan payment coupon gift pack to users who open and activate a Bank of Communications physical social security card for the first time in the bank. At the same time, the bank’s customers You can recommend friends to open a personal pension account with the bank. If you successfully recommend one person, you will receive a discount coupon of 28 yuan, up to a maximum of 280 yuan.

In addition to launching various red envelopes and gifts, many banks have also stated that they have reduced or exempted various rates. For example, Industrial and Commercial Bank of China and Postal Savings Bank of China have both reduced fund management fees, custody fees and other fees; Agricultural Bank of China and Industrial Bank (601166) have stated that they will reduce subscription fees or fixed investment for pension shares (Y shares) of all public funds sold on their behalf. A 10% discount on the rate is implemented;

The rate concessions of various banks are also positive feedback on regulatory policies. According to the relevant provisions of the "Interim Measures for the Administration of Personal Pension Business of Commercial Banks and Wealth Management Companies", personal pension wealth management product issuers, sales agencies and custodians may, on a commercially sustainable basis, regulate the sales fees and management of personal pension wealth management products. Certain rate discounts are implemented for fees and custody fees.

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