没有法定继承人，没有签署任何协议，一个人在走到生命尽头时，财产作为其奋斗一生的见证，究竟该归谁所有？ 子孙承欢膝下，老人安享晚年，这是中国传统家庭的理想样板。但在过去几十年里，由于婚恋观、生育观的改变，以及多种外部因素的作用，我国不少老 人在中年时期就成为无儿、无女、无配偶人士，并在老年时期成为无父无母、无兄弟姐妹，且祖父母、外祖父母均不在世的孤寡老人。 央视新闻报道，2025年，仅在上海徐汇区就有3000余名孤寡老人。其中，老人在离世后，其遗产无人继承的案例尤为常见。 著名美食家、作家、节目主持人蔡澜离世后，其遗产分配问题频繁登上各大社交网络热搜，更有人称其留下的遗产数额高达上亿元。虽然蔡澜助理杨翱发 文，以"关你屁事"回敬那些过度关注的目光，但人们的好奇之心并未完全散去。 01 突然"冒"出来的亲戚 2022年，家住上海市徐汇区的独居老人葛老伯去世，其生前留下了存款和保险金等共计约130万元（后发现葛老伯名下还有一笔300万元存款），名下还有 一套位于上海市区的房子。 这些好奇的目光或许并非全然出于善意，但也透露出公众对于那些无主遗产的关注：没有法定继承人，没有签署任何协议，一个人在走到生命尽头时，财 产 ...

Core Viewpoint - The introduction of the real estate trust property registration system in China provides a new pathway for "housing for elderly care," addressing the urgent pension needs of the aging population while overcoming the limitations of traditional reverse mortgage models [1][2][3] Group 1: Background and Context - The aging population in China is facing increasing pension demands, with many families holding significant real estate assets but lacking sufficient liquid funds for retirement [2][6] - Traditional "housing for elderly care" models, such as reverse mortgages, have struggled to gain traction due to concerns over property control and market risks [2][3] Group 2: Policy and Institutional Innovation - Recent policy initiatives, including the Central Financial Work Conference and the issuance of guidelines by the Central Committee and State Council, emphasize the expansion of pension service trust businesses, signaling a supportive environment for real estate trusts [2][3] - The establishment of a "non-transactional transfer" mechanism in the real estate trust property registration pilot allows properties to be placed into trusts without the need for actual sales, simplifying the process [3][4] Group 3: Implementation and Case Studies - Multiple cities, including Beijing, Shanghai, Guangzhou, and Xiamen, have initiated pilot programs for real estate trust property registration, enabling more individuals to realize their "housing for elderly care" aspirations [3][6] - Various representative cases have emerged, showcasing how real estate trusts can address diverse needs, such as providing lifelong security for special needs children or ensuring property inheritance for elderly individuals [7][8] Group 4: Benefits of the Real Estate Trust Model - The real estate trust model offers a comprehensive solution for elderly care, encompassing asset security, living guarantees, and intergenerational wealth transfer [5][9] - Trust companies play a crucial role as asset managers, risk mitigators, and executors of client intentions, ensuring that properties are managed effectively and beneficiaries' rights are protected [8][9] Group 5: Challenges and Future Outlook - Despite the promising start of the real estate trust property registration pilot, challenges remain, particularly regarding tax policies and the complexity of registration processes [10][12] - The potential market for "housing for elderly care" trusts is projected to reach several hundred billion yuan in the next decade, driven by increasing demand for pension security and wealth planning among the elderly [11][12]

Core Viewpoint - The pilot implementation of real estate trust registration in Shanghai marks an expansion of real estate trust applications into areas such as family wealth inheritance and special needs for the elderly, contributing to inclusive finance [1][3]. Group 1: Real Estate Trust Cases - Shanghai Trust's case focuses on urban middle-class families, addressing wealth inheritance and quality retirement needs by using a commercial property as trust assets, generating stable cash flow for the client's mother's pension, and ensuring property inheritance for the children [2]. - Aijian Trust's case serves the comprehensive needs of an elderly individual, where the client, a nearly 80-year-old divorced senior, entrusts their only home to a trust company, using rental income as retirement supplement while ensuring the property is inherited by their nephew [2]. Group 2: Trust Mechanism Advantages - Both clients recognize the unique advantages of the trust mechanism in addressing comprehensive family needs, particularly in asset isolation, wealth inheritance, retirement security, and child care compared to other financial tools [2][3]. Group 3: Government and Institutional Support - The simultaneous launch of the two real estate trust registration pilot cases reflects the close collaboration among government departments, regulatory agencies, and financial institutions to meet the actual needs of the public and promote high-quality transformation in the trust industry [3]. - Shanghai Trust has launched a series of innovative family service trusts, including the first real estate family service trust in the country, establishing a distinctive social service model in the fields of retirement and special needs trusts [3]. Group 4: Future Developments - Shanghai plans to continue deepening the real estate trust registration pilot work, enriching the application scenarios, and leveraging the advantages of the Pudong New Area to enhance the legal and regulatory framework, thereby promoting high-quality development in the trust industry [4].

Core Viewpoint - The "house for pension" insurance product by Xingfu Life serves as a bridge connecting housing and retirement, enhancing the quality of life and happiness for the elderly [1] Group 1: Business Overview - Xingfu Life has been operating the "house for pension" business for 10 years, providing a stable source of retirement income for elderly clients by utilizing their housing assets [1] - The innovative pension model revitalizes a niche market, offering new options for elderly individuals seeking a happy retirement [1] Group 2: Customer Testimonials - Wang Yan, an 80-year-old woman from Shanghai, began her "house for pension" journey in 2017, receiving over 8,000 yuan monthly, which alleviated her financial worries [2] - Zhang Xuemei, a 78-year-old living alone, signed her agreement in 2023, securing 7,000 yuan monthly in addition to her retirement pension, improving her quality of life and medical security [3] - Liu Peisheng, a 75-year-old man from Beijing, has been receiving 15,000 yuan monthly since December 2016, significantly enhancing his and his wife's living standards, allowing them to pursue hobbies and travel [4] Group 3: Product Development - Xingfu Life has launched the "house for pension 2.0" service, focusing on the core needs of the elderly, providing a threefold security system for home-based retirement and stable pension income [10] - The new model allows for customized pension planning and flexible options for pension disbursement, marking a significant upgrade in service experience [10]

Core Viewpoint - The article emphasizes the urgent need to address the challenges posed by an aging population, highlighting the importance of developing a robust pension finance system to support elderly care and financial security for future generations [1][2]. Group 1: Challenges Faced by the 70s and 80s Generations - The 70s and 80s generations are experiencing dual pressures from supporting their elderly parents while managing their own family financial burdens, often leading to increased economic and emotional stress [4]. - Many in this demographic face insufficient savings for retirement, with high housing costs consuming over 50% of their income, limiting their ability to save for elderly care [5]. - The reliance on children for support is diminishing due to the one-child policy and increasing economic pressures on the younger generation, exacerbating the long-term care risk for the elderly [5]. Group 2: Recommendations for Improving Pension Preparedness - There is a need to enhance personal savings awareness and action, particularly during the critical 40-50 age range, by participating in the "three pillars of pension" system [5]. - Families should optimize their financial structures to avoid excessive debt and incorporate retirement savings into their budgets [5]. - Health management should be prioritized to mitigate future medical expenses, emphasizing the importance of regular health check-ups and insurance [5]. Group 3: Enhancing Acceptance of Pension Financial Products - Strengthening policy guidance and incentive mechanisms is crucial for increasing participation in pension financial products, including tax benefits and subsidies for low-income groups [6]. - Financial institutions should tailor pension products to meet the specific needs of the 70s and 80s generations, offering diverse options that align with their financial situations and risk preferences [8]. Group 4: Demand and Misconceptions Regarding Pension Financial Products - Families primarily seek safety and stability in pension financial products, preferring low-risk options that ensure the security of their retirement funds [9]. - There are common misconceptions, such as neglecting personal needs and risk tolerance, leading to unsuitable product choices [10][11]. - A tendency to pursue high returns without understanding associated risks can result in poor investment decisions [12]. Group 5: Innovations in Pension Financial Products - The "reverse mortgage" model, allowing seniors to leverage their home equity for retirement income, is gaining traction but faces acceptance challenges due to traditional views on inheritance [18][20]. - The valuation of properties for reverse mortgages can be contentious, with both parties often at odds over property worth [21]. - Regulatory frameworks and public trust are essential for the successful implementation of reverse mortgage products, which currently face legal and operational hurdles in China [22][24]. Group 6: International Insights and Best Practices - Successful international models of reverse mortgages highlight the importance of government involvement and legal protections to foster market confidence [23]. - Public acceptance and understanding of reverse mortgage products are critical for their success, necessitating effective communication and education strategies [25]. - A mature industry ecosystem involving finance, real estate, and elder care services is vital for the sustainable development of reverse mortgage products [26].

以中央公积金为核心的三支柱体系。 新加坡的养老金体系采用"三支柱"模式，但三支柱规模分布极不平衡， 截至2024年3月，第一支柱占比超过九成，第二支柱占比不足1%，第三支柱占比8%。 1）第一支柱 以中央公 积金制度（CPF）为核心，是新加坡养老体系的主体，是一种完全积累型的强制性养老储蓄计划，企业和个人 共同缴费。公积金账户分为普通账户、特别账户、保健储蓄账户和退休账户等，涵盖养老、医疗、购房等多方 面保障。 2）第二支柱 包括两项特定职业的养老金，一是针对政府公务人员的民政事务-投资计划，二是针对 军人的雇员储蓄退休及保费基金。 3）第三支柱 为个人养老金计划，包括中央公积金投资计划（第一支柱中央 公积金的子计划）以及补充养老金计划。 新加坡养老金都投些什么？ 1）第一支柱 中央公积金资金基本都投资于新加坡政府为了保证中央公积金收 益特地发行和担保的非流动债券，投资于政府特别债券的中央公积金份额首先作为政府存款存入新加坡金 融管理局，然后定期转移到新加坡政府投资管理公司（GIC）进行长期投资管理。截至2024年3月末，GIC 将39%的资金投资于债券和现金，30%的资金配置股票，18%的资金配置于私募股权 ...