当长寿时代遇上人口老龄化不断加剧的社会现状；当从容养老、品质养老的美好愿景遇上现代家庭养老的种种挑战。那么，我们究竟该如何实 现老有所依、老有所养？又该如何利用保险等金融产品来确保家庭养老金融的健康？ 6月6日，由清华大学五道口金融学院《清华金融评论》携手中美联泰大都会人寿保险有限公司（以下简称"大都会人寿"）联合主办。 本次发 布会汇聚养老金融领域专家学者及三百余企业代表，共同探讨中国养老金融发展现状与未来。 发布会现场，多位嘉宾围绕"多措并举提升中国 家庭养老金融健康"的主题进行了精彩的对话。中央财经大学保险学院中国精算研究院副教授陈辉、中美联泰大都会人寿保险有限公司首席市 场官姚兵、中国政法大学教授，北京银安养老金融研究院副院长胡继晔、中国银行原首席研究员，世界金融论坛高级研究员宗良，以及清华大 学五道口养老金融50人论坛常务副秘书长张栋，多位嘉宾从多元视角就何以提升中国家庭养老金融健康展开深入讨论。 图为圆桌对话 陈辉：中国家庭养老金融的总体发展现状如何？有哪些突出的特点？在人口老龄化加剧的背景下，政府如何进一步发挥养老金融在社会保障 用？ 胡继晔 ：养老金融作为积极应对老龄化国家战略、金融强国战略的 ...

河南已有1043.01万人开立个人养老金账户 智通财经6月6日电，作为我国养老保险体系"第三支柱"的重要组成部分，个人养老金制度在全国范围内 实施已有半年。6月5日，河南省个人养老金宣传月活动在开封启动。从启动仪式上获悉，截至5月底， 全省已有1043.01万人开立个人养老金账户。 ...

Core Points - The personal pension system, as the "third pillar" of China's pension insurance system, has been implemented nationwide for six months, with over 10.43 million personal pension accounts opened in Henan Province by the end of May [1] - The personal pension scheme is characterized by government support, voluntary participation, and market-oriented operations, allowing individuals to choose various financial products for retirement savings [1] - Participants can enjoy tax benefits, including a tax deduction of up to 12,000 yuan per year on contributions, tax exemption on investment income, and a lower tax rate of 3% upon withdrawal [1][2] Summary by Sections Implementation and Participation - The personal pension system has seen significant uptake, with 10.43 million accounts established in Henan Province as of May 31 [1] - The system operates on a personal account basis, where contributions are solely made by participants, who can select from a range of financial products [1] Tax Benefits - A key advantage of the personal pension system is its tax benefits, allowing for tax deductions on contributions, which can significantly reduce individual tax burdens [2] - For example, an individual with a taxable income of 200,000 yuan can save 2,400 yuan in personal income tax by contributing 12,000 yuan to their personal pension account [2] Future Development - The provincial government plans to enhance the promotion of the personal pension system through various initiatives, aiming to develop a multi-tiered pension insurance system [2]

Core Insights - The recent expansion of personal pension financial products in China reflects a growing focus on retirement planning amid increasing aging population concerns [1][4] - The majority of these products are fixed-income, catering to low-risk preferences of investors seeking stable returns [2][3] Group 1: Product Expansion and Market Trends - The eighth batch of personal pension financial products includes two new fixed-income products with moderate risk levels [1] - Since the launch of the first batch in February 2023, 35 personal pension financial products have been successfully issued by six financial companies [1] - As of March 2023, the total investment in personal pension financial products exceeded 12.99 billion yuan [1] Group 2: Product Characteristics and Performance - Among the 35 personal pension financial products, 23 are classified as low-risk, while only 12 are medium-risk [2] - Fixed-income products dominate the market, with 29 out of 35 products falling into this category [2] - All existing personal pension financial products have shown positive net asset values, indicating profitability [2] Group 3: Regulatory and Structural Developments - The personal pension system is set to expand nationwide by December 2024, with a growing variety of investment options including government bonds and index funds [4] - As of June 2023, there are 1,028 personal pension products available, including various categories such as savings, funds, insurance, and financial products [4] Group 4: Challenges and Recommendations - The current trend shows a disparity between account openings and actual contributions, limiting the attractiveness of personal pension products [5] - Financial institutions are encouraged to develop products that align with long-term retirement needs, focusing on diverse risk profiles and investment strategies [6]

优化个人养老金领取条件，以适度的资金流动性实现"流水不腐"。个人养老金制度的一大特点是稳定， 但稳定不能等同于僵硬。目前，个人养老金资金账户封闭运行，参加人只有在完全丧失劳动能力、出国 （境）定居、患有重大疾病、领取失业保险金达到一定条件或正在领取最低生活保障金等情况下才能提 前领取，否则就必须在达到退休年龄后才能领取。对于年轻人来说，若资金一旦投入便可能数十载只进 不出，难免会令其心存顾虑，更愿意把钱攥在手里。不过好消息是，人社部已在4月底表示，将制定提 前领取个人养老金相关办法。可以预见，个人养老金的支取灵活性有望在未来进一步提高。 丰富个人养老金投资产品，以多样化的投资选择吸引更多"源头活水"。目前，个人养老金产品快速扩 容，数量已超千款，但投资者仍然觉得产品类型单一、缺乏吸引力。原因就在于产品同质化明显，约一 半产品都是由银行自行研发销售的储蓄类产品。同时，基金类、保险类、理财类等个人养老金产品也往 往特色不够鲜明，未能满足多样化需求。因此，若要更好激活个人养老金"蓄水池"，就要进一步丰富产 品种类，针对不同的风险偏好设计差异化产品，并推出与养老生活紧密结合的特色产品，比如可以对接 长期护理等养老服务 ...

Core Viewpoint - Shanghai's personal pension system is entering a new phase characterized by branding, digitalization, and scenario-based services, aiming to enhance the multi-tiered pension security system in China [2][4]. Group 1: Development of Personal Pension System - As of April 2025, the cumulative contribution amount for personal pensions in Shanghai exceeded 18 billion, ranking among the top in the country, with an average contribution of approximately 10,000 per person, the highest in the nation [2]. - The personal pension system serves as a crucial measure to improve the multi-tiered pension insurance system, providing citizens with flexible options for supplementary retirement savings [2][3]. - Since becoming one of the first cities to implement the personal pension system in November 2022, Shanghai has effectively stimulated citizen participation through extensive policy promotion [2]. Group 2: New Initiatives and Digital Platform - The Shanghai Financial Regulatory Bureau announced a series of new initiatives aimed at promoting the personal pension system, including the establishment of a dedicated advocacy team to enhance policy understanding among citizens [3][4]. - The "Suishenban" personal pension digital platform, launched in October 2023, has attracted 13 commercial banks, providing one-stop services for citizens, with over 10 million visits recorded [4]. - Future enhancements to the digital platform will include smart investment advisory services and real-time tracking of contributions and benefits, aiming to create a comprehensive service ecosystem [4]. Group 3: Expert Insights - Experts emphasize that the personal pension system represents a new growth point for pension finance and is a direct driver for increasing the financialization of the pension security system [5]. - Recommendations include optimizing tax incentives, simplifying policy processes, and enhancing financial education to encourage proactive planning among younger demographics [5].

Core Insights - Shanghai's personal pension system is set to accumulate over 18 billion yuan by April 2025, with an average contribution of approximately 10,000 yuan per person, leading the nation in both metrics [1][2] - The implementation of the personal pension system is aimed at enhancing the multi-tiered pension insurance framework, providing citizens with flexible options for supplementary retirement savings [1][2] Group 1 - The personal pension contribution limit is set at 12,000 yuan annually, with tax savings of up to 1,200 yuan for individuals earning between 36,000 and 144,000 yuan, and up to 5,400 yuan for those earning over 960,000 yuan [1] - Shanghai's financial regulatory authority has introduced an action plan to promote high-quality development of commercial pension insurance, aligning with the city's status as an international financial center [1][2] Group 2 - A third pillar pension insurance advocacy team has been established in Shanghai, consisting of 60 members from various financial institutions, aimed at addressing the low participation rates among the youth [2] - Experts suggest optimizing tax policies, simplifying processes, and enhancing financial education to encourage proactive planning among younger demographics [2] - Shanghai's personal pension system is evolving into a new phase characterized by branding, digitization, and scenario-based services, contributing to the national multi-tiered pension system [2]

Group 1 - The personal pension system in China allows workers participating in urban employee basic pension insurance or rural resident basic pension insurance to join, while retirees already receiving basic pension benefits cannot participate [2] - Flexible employment individuals can participate in the personal pension system as long as they have made at least one payment into the basic pension insurance [2] - Authoritative information regarding personal pensions can be accessed through various national online service platforms [2] Group 2 - After contributing to a personal pension, individuals can not only deduct personal income tax but also use the funds to purchase approved investment products to increase retirement income [5] - Investment products include wealth management products, savings deposits, commercial pension insurance, public funds, government bonds, specific pension savings, and index funds [5][6] - Personal pension products are regulated by financial authorities to ensure safety, stability, and long-term value preservation [6] Group 3 - For individuals unsure about selecting personal pension products, financial institutions can provide investment consulting based on personal risk preferences and age [9][10] - It is not mandatory to purchase investment products with personal pension funds; funds can earn interest at the current deposit rate if not invested [11] Group 4 - Personal pensions generally cannot be withdrawn early, with participants eligible to withdraw only upon reaching the retirement age for basic pensions [12] - Exceptions for early withdrawal include total loss of work ability, emigration, serious illness, receiving unemployment insurance, or being on minimum living security [13] - Applications for withdrawal can be made through social security agencies or online service portals, with funds disbursed to the individual's social security card bank account [14][15]

Core Insights - The forum focused on the theme of "New Services, New Business Models, New Trends: The Silver Economy Driving New Development in the Elderly Industry" [2] - Zhou Hong emphasized the importance of establishing a multi-tiered and multi-pillar pension insurance system and increasing the coverage of enterprise annuities to promote high-quality development of personal pensions [2] Summary by Sections Progress in Multi-Tiered Pension Insurance System - Significant progress has been made in building a multi-tiered pension insurance system in China, with the basic pension insurance system achieving near full coverage and continuous growth in benefit levels [3] - Key advancements include nationwide coordination of basic pension insurance for employees, gradual reform of the retirement age, development of enterprise annuities, and the implementation of a temporary method for disability allowances [3][4] Challenges and Solutions for Enterprise Annuities and Personal Pensions - Zhou Hong highlighted the need to address various challenges in pension insurance development, including expanding the coverage of basic pension insurance and implementing a universal coverage plan, particularly for migrant workers and flexible employment personnel [4] - The focus should be on increasing the coverage of enterprise annuities and promoting the development of personal pension systems, with an emphasis on policy design and the introduction of diverse financial products [5] Strengthening Regulatory and Investment Frameworks - To ensure high-quality development of the pension insurance system, it is essential to enhance the fund supervision system, prevent risks, and maintain fund security [6] - Improving the investment framework for pension funds, especially for second and third pillar pensions, is crucial for achieving long-term value growth while ensuring safety [6] - Enhancing management and service levels through a unified social insurance public service platform and optimizing the transfer and continuity of social insurance relationships will facilitate labor mobility [7]

制度持续优化 2022年4月21日，国务院办公厅印发《关于推动个人养老金发展的意见》提出，推动发展适合中国国 情、政府政策支持、个人自愿参加、市场化运营的个人养老金。个人养老金顶层制度设计正式出炉。 经过先行试点，2024年12月12日，人力资源和社会保障部等五部门发布《关于全面实施个人养老金制度 的通知》，明确自2024年12月15日起，个人养老金制度从36个先行试点城市（地区）推广至全国，并从 优化产品供给、提高管理服务水平等方面推出诸多具体措施。 "个人养老金制度出台三周年是里程碑亦是新起点。"中国邮政储蓄银行研究员娄飞鹏认为，随着经济发 展水平提升和人口老龄化速度加快，我国居民对养老生活有更高追求。个人养老金作为"第三支柱"的核 心补充，有关政策效能将持续释放，发展潜力巨大。 招联首席研究员董希淼说，参照国际成熟经验并从我国国情出发，探索建立个人养老金制度，有利于积 极应对人口老龄化，构建功能更加完备的第三支柱养老保险体系，促进养老保险制度可持续发展，满足 人民群众多层次、多样化养老保障需求。 人社部数据显示，截至2024年11月末，已有7279万人开通个人养老金账户。但在受访专家看来，尽管开 户人数 ...