不再受持有期限制，公募养老基金符合条件可提前赎回，公募机构将开启IT改造等工作

Core Viewpoint - The recent policy allows eligible investors to redeem public pension funds early, even if they have not met the minimum holding period, addressing liquidity concerns and enhancing the personal pension system's humanization [1][3][4] Group 1: Policy Announcement - On January 16, the China Securities Investment Fund Industry Association issued a notice supporting early redemption of pension funds for qualifying investors [1][3] - The policy aims to meet investors' financial needs and reflects the commitment of the public fund industry to serve the public [1][4] Group 2: Eligibility Criteria - Investors can apply for early redemption if they meet specific conditions outlined in the notice, including significant medical expenses, unemployment insurance claims, or receiving minimum living security [4][5] - This policy allows investors with funds subject to three or five-year holding periods to redeem early if they meet any of the specified conditions [4] Group 3: Industry Response and Implementation - Fund management companies are preparing for the policy's implementation by upgrading IT systems and updating fund prospectuses to facilitate the early redemption process [7][8] - The deadline for completing technical preparations is set for June 30, 2026, with manual processing available during the transition period [7][8] - The industry is expected to enhance investor service and streamline the redemption process to ensure compliance with the new policy [7][8] Group 4: Impact on Investor Behavior - The new policy is anticipated to alleviate liquidity concerns for investors, potentially increasing their willingness to contribute to personal pension accounts and invest in public pension funds [6]