养老目标基金

  Lead: The competitiveness of long-term income makes the pension fund become the mainstream choice for the third pillar of individual pension. On August 6th, the long-awaited pension fund was finally available! Today, it is well known that it is safer but not the best way to put pension money in the bank. So what kind of investment can you fight against inflation or even surpass inflation, and at the same time make people feel reliable and worry-free? Some investors will ask, how do pension goals achieve pensions? Financial sector funds continue to track, so stay tuned. ["Pension Target Securities Investment Fund Guidelines (Trial)》]

The sales of pension fund funds are cold, and the industry is trying to convert the operation form. On January 29, Harvest Pension Target Date 2040 five-year holding period Mixed Funds Fund (FOF) issued a share sale announcement, the fund is scheduled to be released from February 1, this is the industry's first proposed in the form of sponsorship Established a pension fund.[full text][Related: Including tax extension benefits Seven top public fundraising pension target funds]

Nowadays, it is difficult to rely on “nurturing children to protect the elderly”. In order to achieve “old age and old age”, new ways of raising old money are gradually being discussed extensively, such as pension fund. According to the regulations, fund managers of such product management have more than 5 years of investment research experience, at least 2 years of investment experience, stable performance and no major management misconduct.[Related: I have heard N pension reasons and are not as good as these 8 practical guides]

Pension target fund (14 first batch, 12 second batch, 14 third batch)

On August 6, 2018, the long-awaited pension fund was finally available! 14 fund-raising fund funds of 14 fund companies were approved (see the table below). With Xingquan Antai Balanced Pension Three Years Hold (FOF) and Huitianfu Pension 2030 (FOF) on December 24th and December 10th respectively, the second batch of pension funds in China has reached two. On December 28th, the third batch of pension fund funds collectively won the “birth certificate”. >>>10 questions and 10 answers you should know about the pension fund

Pension preparation method

[For unretired people]

The basic social pension insurance is unique, and the penetration rate of financial products is low.The specific survey shows that the top three are: basic social endowment insurance, real estate, and bank savings. [detailed]

[For retired people]

Focus on savings and financial management, and favor commercial banks.For retirees, savings is the most important form of active financial preparation, ranking second-person wealth management products, and third is real estate. [detailed]

Chinese people's major old-age misunderstandings

※ Misunderstanding 1: Raising children's anti-aging ※

With the changes in the environment and social environment of the times, the physical distance between many children and their parents has been expanding. It is difficult to take care of themselves every day. At the same time, many children are already struggling to cope with the expenses of their small families. The demand for funds is often too much and there is not enough power, so it seems unrealistic to only expect children to support the elderly.

※ Misunderstanding 2: I am still young, and the old age is far away from me ※

Pensioning needs to be prepared for the rain. The sooner you prepare, the more emboldened you are, and the more you get older, the more free you are.

We use data to speak, assuming an investment is expected to have an average annualized return of 5%, preparing for a 60-year-old pension. If we start investing at the age of 30, we will invest 2,500 yuan a month. By the time we are 60, we will invest a total of 2.89 million yuan in pension funds. If you start investing from the age of 40, or invest 2,500 yuan a month, to 60 years old, count on the investment (600,000 yuan) will accumulate a total of 10.32 million yuan of pension funds.

You see, it has been prepared for 10 years, and the total investment is 300,000 yuan. However, when you are 60 years old, the money available for pension is a difference of 1.06 million.

※ Misunderstanding 3: I have a pension, this is enough ※

We can't be too Buddhist in our treatment of pensions. As far as the quality requirements of life are concerned, it is not enough to rely solely on pensions. According to the ILO's recommendations, it is safe to reach 55% of the pension replacement rate (the ratio between the level of pensions and the level of pre-retirement wages). And to maintain the current standard of living, it must reach more than 70%. Relevant data show that in 2017 China's basic pension replacement rate was only 42%, below the 55% warning line. And with the aging of China's population, this replacement rate still has a downward trend, so we can only get the most basic protection by relying on social security (retirement). If you want a better quality of your old age, you should plan early when you are young. Otherwise, 30 years later, the biggest difference between peers is not the appearance, but a very different life in their later years.

※ Misunderstanding 4: I have enough savings, no need to care for the elderly ※

When the pension meets the "inflation" killer, it seems a little weak by relying on the accumulation of pensions: According to the data released by the National Bureau of Statistics, the average annual inflation rate from 1990 to 2015 is about 4.37%. This means that if you have a savings of 1 million, don't make any investment and don't add value. After 10 years, the money is only equivalent to the purchasing power of 650,000 yuan today. After 20 years, the purchasing power has shrunk to 280,000 yuan. Therefore, now that there is money does not mean that there is money in the future, making money is the ability, and keeping money is the ability. Pensions can't rely on death, but they also need to invest in their appreciation and outperform inflation.

※ Misunderstanding 5: I am too expensive and can't afford to raise money ※

In the face of financial pressure, saving money is not only necessary but also feasible. Formulate a pension plan, get rid of the "moonlight family" title, compress some unnecessary expenses, and use the saved money for pension investment or pension reserve. Even if only a few hundred yuan is saved every month, such a year, 5 years, and 20 years will be a fortune. And insist on investing, believe in the power of compound interest, you will harvest the roses of time.

The future depends on the present! To live an ideal old age, plan early!

Pension Fund Fund Events

  • The current launch of the pension fund has a very important positive significance and necessity for the public fund industry to serve individual investors' pension investment, promote the reform of pension marketization, and promote the healthy long-term development of the public fund industry. To this end, the CSRC drafted the Guidelines for Pension Fund Investment Funds (Trial).
  • The CSRC issued guidelines for pension fund investment funds, which were officially implemented from the date of promulgation. The pension fund has the following characteristics: First, it adopts the fund-based fund operation in the initial stage of development; secondly, adopts a mature asset allocation strategy; thirdly, sets a closed period or the shortest holding period for investors; and fourth, encourages fund managers to set preferential fees. rate.
  • According to the announcement of the China Foundation, in order to further improve the self-discipline management of fund managers, the China Securities Investment Fund Association (hereinafter referred to as the "Association") is based on the "Guidelines for Pension Fund Investment Funds (Trial)" and the "Registration Rules for Fund Managers". The fund manager of the target securities investment fund (hereinafter referred to as “the pension fund manager”) is refining the qualifications and registration process.
  • According to the official website of the China Securities Regulatory Commission, as of April 13, a total of 21 fund companies including ICBC Credit Suisse, Huaxia and E Fund have reported 42 pension fund funds. As the approval of the pension fund is an ordinary channel, it is expected that the first batch of products will be available in October this year.
  • A fund company official said, "We are arguing next Tuesday. It is said that the arrangement was made by 21 fund companies next week, but after that, there was a small situation in the fund company. In the end, it may be that 20 fund companies responded."
  • According to the information on the website of the China Securities Regulatory Commission, the first batch of 41 pension fund funds were declared on April 11th, involving 21 fund companies, and some companies reported three or four products in one breath. The pension fund was received more than the acceptance decision on April 17. On May 11, 20 of the funds received the first written feedback. The 20 funds came from 20 fund companies.
  • The long-awaited pension fund has finally come out. Today, the China Securities Regulatory Commission issued China Fund, Harvest Fund, Bosera Fund, Southern Fund, Wells Fargo Fund, TEDA Manulife Fund, GF Fund, Bank of China Fund, Wanjia Fund, China Europe Fund, E Fund 14, Penghua Fund, Yinhua Fund, ICBC Credit Suisse Fund 14 fund companies 14 pension fund. By convention, the above funds will be completed within 6 months at the latest!
  • Huaxia Fund announced on August 25 that the Chinese pension target date 2040 three-year holding period mixed fund fund (FOF) will be issued from August 28 to September 17. This means that after the first batch of 14 pension fund funds were approved on August 6, the first pension fund was launched.
  • Following the China Assets Fund, the China Europe Fund and the TEDA Manulife Fund also launched the launch of its first pension fund. The two companies announced on September 6 that CEIBS foresees pensions for 2035 three years. The hybrid FOF, TEDA Honglitai and the balanced pension target three-year holding period hybrid FOF were officially released on September 10. It is worth noting that the issuance of these two funds is simultaneously sold in various channels such as banks and third parties. This means that the preparation of pension funds by banks, third parties and other channels has been gradually completed.
  • Nine fund companies have received notice of the approval of the second batch of pension fund, and the number of approved products is expected to be 12. Compared with the first batch of 14 pension fund managers, each of them received only one approval. The second batch of pension fund managers were approved in different numbers. Most fund companies received approval from one fund, but Shanghai has One fund also received three approvals for the pension fund, and one company in Beijing also received two approvals for the pension fund. There are no shortage of 2050 target date funds in the approved pension fund.
  • On the last working day of 2018, on December 28th, the third batch of pension fund funds collectively won the “birth certificate”. Up to 14 batches were approved, belonging to 13 different fund companies. Together with the first and second batch of approved pension fund, the number of approved target funds for the three previous years has reached 40.

Institutional interpretation

华夏基金:养老目标基金将成为支持个人养老的重要力量
The correct way to open the pension fund

Pensioning is a long-term and arduous task that requires a lot of income to support. How to complete the effective accumulation of this cost without affecting the current quality of life is an issue that every one of us needs to consider.[detailed]

Pension investment should not be too conservative

Among the first batch of pension funds, the target date strategy product accounted for 9 seats, and the target risk strategy type only had 5. Wang Jianqin, manager of TEDA Manulife Fund, believes that it is not too early to plan for pensions in advance. For young and middle-aged people with greater risk tolerance, pension investment should not be too conservative.[detailed]

Promote the transformation of old-age thinking, focus on building five capabilities

Fund companies should actively promote the transformation of old-age thinking and improve the individual's personal old-age awareness. At the same time, they should focus on building five major capabilities: asset allocation, bottom-level asset supply, fund screening, risk management and low-cost investment, and assume the social responsibility of serving the elderly.[detailed]

中欧基金:五大环节管好养老目标基金
Five links to manage the pension fund

Sui Lei, a proposed fund manager of CEIBS 2035, said in an interview that there are five “cheats” for managing pension funds, namely, the decline curve, strategic asset allocation, tactical asset allocation, fund selection, and performance evaluation.[detailed]

博时基金:养老目标基金本质为养老而来
The pension fund is essentially for the elderly.

Since the pension fund focuses on long-term investment, and the public fund has the characteristics of low threshold, standardization, diverse configuration functions, and operational norms, it can meet the low single investment amount of individual pension investors, attach importance to asset operation safety, investment varieties and various maturities. demand.[detailed]

The essence of pension funds is to emphasize discipline from different dimensions.

The essence of pension fund investment is to emphasize discipline from different dimensions. For investment managers, asset allocation is the core of pension investment. After 20 years of accumulation, the public fund industry has been able to play its professional investment capacity and act as the main force in pension investment management.[detailed]

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