养老理财业务试点扩至全国

Core Viewpoint - The Financial Regulatory Administration has issued a notice to promote the sustainable and healthy development of pension financial products, expanding the pilot program nationwide for three years, with increased limits and enhanced integration with personal pension systems [1][2]. Group 1: Pilot Program Expansion - The pilot areas for pension financial products have been expanded to the entire country, with a trial period of three years [1]. - The number of pilot institutions has been increased to include wealth management companies that have been operating for over three years and meet prudent management criteria [1]. - The trial limit has been raised to five times the net capital of each pilot institution after deducting risk capital from the previous year's end balance, with adjustments possible based on prudent regulatory principles [1]. Group 2: Integration with Personal Pension Systems - The pilot program for pension financial products is aligned with the implementation scope of the personal pension system, allowing new pension financial products to be automatically included in the personal pension product list if the wealth management company participates in both [1][2]. Group 3: Product Design and Services - Institutions are encouraged to enhance the design of pension financial products and explore diverse pension financial services [1]. - The notice calls for a variety of pension financial product forms, promoting the issuance of long-term pension financial products with a minimum holding period of five years or ten years or more [1]. - Wealth management companies are supported in providing personalized pension planning and consulting services while ensuring compliance with investor suitability management and conflict of interest prevention [2]. Group 4: Risk Management and Assessment - The notice emphasizes the establishment of a long-term assessment mechanism for pension financial business, enhancing product information disclosure and risk warning measures [2]. - Wealth management companies are required to incorporate long-term investment returns into the evaluation and compensation system for investment and sales personnel, avoiding reliance solely on short-term returns or rankings [2].