Recently, the electronic social security card ushered in an epoch-making function - personal pension. This innovative measure has undoubtedly injected new impetus into the popularization and implementation of the personal pension system.
Driven by mobile Internet technology, we see that social security policies are extending to a wider range of people at an unprecedented speed and scale, and the "personal pension" function of the electronic social security card can be said to be an important milestone in this process.
As an electronic voucher and settlement tool for cardholders to enjoy human resources and social security and other livelihood services online, the number of applicants for electronic social security cards has exceeded 930 million, and the population coverage rate is as high as 66%. This figure is not only amazing, but also reflects the remarkable results achieved by the mainland's social security policy in terms of popularity and convenience.
The addition of the electronic social security card to the personal pension service will further broaden the channels for opening and depositing personal pension accounts, so that more people can easily and conveniently participate in the personal pension system.
In order to provide one-stop personal pension services, a special area has been opened on the home page of the electronic social security card, and there are currently 6 fund companies, including China Asset Management, Industrial Securities Global, China Universal Fund, GF, China Merchants and Yinhua Fund, as well as the National Pension Insurance Company.
In this area, we can see a rich variety of pension products, including different types such as target date type and target risk type, which obviously brings more diversified options to investors.
In October last year, the Information Center of the Ministry of Human Resources and Social Security launched the "Personal Pension Product Purchase Zone" for the first time with an electronic social security card, and Yinhua Fund Company was the first to settle in.
Now, the five major fund companies of China AMC, China Industrial Securities Global, China Universal Wealth, GF and China Merchants have also followed up and integrated into the electronic social security card platform to jointly promote the promotion and implementation of the personal pension system.
As a leader in FOF and pension asset allocation in the industry, China Industrial Securities Global Fund has actively implemented the national policy guidelines and launched five pension target FOF products in a row.
In addition, these products have been connected to the electronic social security card system platform. The relevant representative of China Industrial Securities Global Fund pointed out that their main purpose is to select fund products within the whole market, aiming to achieve returns that exceed the market average, and on this basis, reduce income fluctuations, ensure that customers can hold investments for a long time, avoid frequent buying high and selling low, so as to achieve the purpose of long-term investment.
The integration of the functions of individual pensions into the electronic social security card not only expands the use of the electronic social security card, but also increases the frequency of interaction with public fund individual pension products, especially in strengthening the training of investors in the third pillar pension.
Investors can inquire about the first and second pillars of pension insurance services such as social security and annuity, calculate pension benefits by entering payment information, enhance the overall knowledge and understanding of personal pension planning, and improve the comprehensive service ability of pension insurance.
With its convenient technical platform and all-round service functions, the electronic social security card has strengthened the business chain of personal pension, including one-stop services such as account opening, deposit, investment transaction, and equity inquiry.
At the same time, it also undertakes the important responsibility of promoting financial popularization education, answering the common questions of the masses about personal pensions, and helping them better understand and implement personal pension planning.
The entry of personal pensions into the electronic social security card is undoubtedly an important milestone in the comprehensive promotion of the pension system in the mainland. With the help of the electronic social security card, it is expected that more people will participate in the personal pension market in the future.
Public funds and insurance companies will continue to provide high-quality products and services, leveraging their expertise. At the same time, the electronic social security card will continue to improve its functions and enhance the service quality, so as to bring a more convenient and efficient service experience to the cardholders.
In general, the electronic social security card online personal pension function is a major innovation, it will change the way people participate in the personal pension system, provide more convenient services, but also indicate that the mainland is moving towards a new era in the implementation of social security policies.
Let us all hope that this innovation can bring more benefits to the society, so that everyone can enjoy a fulfilling and secure retirement life.
Investment is risky, and you need to be cautious when entering the market. When choosing pension products, the general public must make rational decisions according to their actual needs.
Source: Consumer Digest