银保监会发文促进商业养老金融业务发展

Core Viewpoint - The China Banking and Insurance Regulatory Commission (CBIRC) has issued a notification to regulate and promote the development of commercial pension financial services, encouraging banks and insurance companies to offer a variety of pension-related products and services to meet diverse customer needs [1][2]. Group 1: Regulatory Framework - The notification supports the development of commercial pension savings, pension insurance, and pension management services, aiming to create a multi-faceted market with diverse participants and products [1]. - Banks and insurance institutions are encouraged to provide long-term pension withdrawal services and to explore connections between commercial pension products and health and long-term care services [1]. Group 2: Product Specifications - The notification emphasizes that commercial pension financial products should align with the long-term needs of customers, with specific constraints on fund withdrawals to ensure adherence to pension characteristics [1]. - Institutions must clearly define liquidity arrangements in product contracts, avoiding any structural designs that could shorten the effective duration of the products [1]. Group 3: Tax Policy and Investment Management - Financial products that meet CBIRC's criteria, such as bank wealth management and commercial pension insurance, can be included in personal pension investment scopes and enjoy tax benefits [2]. - Banks and insurance institutions are required to enhance the management of commercial pension funds, employing stable asset allocation strategies and encouraging investments in areas aligned with national strategies and industrial policies [2]. Group 4: Regulatory Oversight - The CBIRC plans to strengthen supervision of personal pension-related financial services, combat illegal activities, and protect consumer rights to ensure the effective implementation of national welfare policies [2].