养老理财产品试点地区和机构扩大！鼓励发行十年期以上产品

Core Viewpoint - The National Financial Regulatory Administration has issued a notice to promote the sustainable and healthy development of pension financial products, expanding the pilot program nationwide and enhancing the design and management of pension financial products [2][4]. Group 1: Expansion of Pilot Program - The pilot areas for pension financial products have been expanded from "ten regions" to nationwide, with a trial period of three years [2][4]. - The number of pilot institutions has increased from "ten institutions" to any qualified wealth management companies that have been operating for over three years and meet prudent management conditions [2][4]. - The pilot quota has been raised to five times the net capital of each pilot institution after deducting risk capital, with adjustments based on prudent regulatory principles [2]. Group 2: Product Design and Services - The notice encourages pilot wealth management companies to issue long-term pension financial products with a duration of over 10 years or a minimum holding period of over 5 years [5]. - It supports the establishment of pension financial accounts for each investor to track their holdings and assist in retirement fund planning [5]. - The notice allows wealth management companies to provide pension financial advisory services while ensuring appropriate management of investor suitability and conflict of interest [5]. Group 3: Risk Management - Wealth management companies are required to establish a long-term assessment mechanism that includes long-term investment returns in the evaluation and compensation of investment and sales personnel [6]. - There is an emphasis on enhancing product information disclosure and risk warnings, linking product performance to the underlying asset performance [6]. - The notice mandates the establishment of a risk mitigation mechanism and the use of a unified platform for information disclosure and data exchange related to pension financial products [6].