In order to promote the work of pension finance, will start a specific pension savings pilot, how to meet the diversified needs of the elderly?

The pension service system has always been a very important thing in our country, at the end of July 2022, the CBRC and some large banks have also issued notices one after another, saying that in order to further improve the pension financial work in our country, as well as in order to further satisfy the diversification of pension needs, some specific banks and cities in our country will be implemented in the pension saving Pilot work. In order to meet the diversified pension, the first thing is to let the old people have money in hand, to have a basic livelihood security, enrich the third pillar of the financial pension products, such as pension insurance and so on.

Related departments said that from November 20, 2022, the four major banks will be in China's Anhui Hefei, Guangzhou, as well as Chengdu, Sichuan, Xi'an, Shaanxi, and Qingdao, Shandong, these five cities will carry out the pilot, the pilot period is temporarily set at one year. At the time of the pilot, the size of the individual bank's business dedicated to retirement savings will be limited to less than 10 billion dollars. There are three types of products for retirement savings, and four options of 5, 10, 15 and 20 years.

For this pension financial work, the relevant experts also analyzed that this financial business is not the same as the previous savings deposits, this kind of pension savings period is longer, more varieties, and compared with the previous interest rates will be much higher. 4 kinds of storage period, can diversify to meet the purpose of the elderly old age, but also to meet the different needs of the elderly, in the case of higher interest rates are also higher. The higher interest rates are also more attractive, and may be able to enjoy tax benefits in the future. A single user can deposit up to 500,000 inside the same bank, so that savers can go more to participate in the pilot.

If you want to meet the diversified needs of the elderly, the relevant departments must continue to enrich the financial products for the elderly, and often summarize the experience and lessons learned during the pilot, and increase the scale of the pilot appropriately. Not only large banks, other small and medium-sized banks can also join the ranks, and the state's tax and financial sectors should also give more policy support.