Core Insights - The growth of personal pension accounts is lagging behind ordinary accounts, indicating that investors view these products primarily as high-quality ordinary investment options rather than dedicated pension products [1][2] - The development of pension wealth management is constrained by three main factors: insufficient sales push, lack of significant yield advantage over insurance products, and a prevailing investor preference for safety over returns [2][3] - Enhancing the investor holding experience is crucial for the development of pension wealth management, as it helps investors recognize the value of long-term investments [3][4] Sales Push Factors - Sales personnel are more actively promoting insurance products compared to wealth management products, which is influenced by sales incentive mechanisms [2] - The yield performance of wealth management products has not shown a significant advantage over insurance products in recent times [2] - Consumers prioritize safety in their pension savings, leading them to favor deposits and insurance products over riskier wealth management options [2][6] Investor Experience Enhancement - Improving the holding experience for investors is essential to help them appreciate the benefits of long-term investment and compound growth [3] - There is a significant potential difference in returns between low-yield savings products and slightly higher-yield wealth management products over a long investment horizon [3] - Financial institutions should focus on understanding client needs and designing products accordingly to enhance the long-term investment experience [3][4] Product Performance and Market Dynamics - Wealth management companies are confident in their product competitiveness, especially as both insurance and wealth management sectors face challenges in obtaining high-quality assets [4] - Wealth management products may gain competitive advantages over public funds due to better asset acquisition capabilities and investment strategy flexibility [4] Asset Allocation Strategies - Current personal pension account allocations are primarily based on investor self-decision rather than professional asset allocation services [6] - Professional institutions can stimulate the pension wealth management market by providing scientific and systematic asset allocation services tailored to individual client needs [6] - Recommendations for a balanced asset allocation strategy can help clients optimize their pension funds, moving away from solely relying on low-yield savings [6]

Core Insights - Postal Savings Bank of China Wuxi Branch actively implements the national pension strategy, focusing on the "U Enjoy Future" personal pension brand to create a comprehensive pension financial service system covering the entire life cycle [1] Group 1: Personal Pension Products - Since the launch of personal pension services, the bank has introduced over 100 products, including pension savings deposits, pension Y-share funds, pension L-share wealth management, and pension insurance, catering to various risk preferences and retirement needs [2] - As of June 2025, the cumulative balance of personal pension accounts at the Wuxi Branch reached 59,333 accounts, meeting diverse financial needs of the elderly [2] Group 2: Social Security Card Services - The Wuxi Branch promotes convenient social security card services, achieving a one-stop service for social security and financial business at 143 outlets, with a coverage rate of 89.94% [3] - Through community activation activities, the bank extends services to residents' doorsteps and provides on-site card issuance for new citizens in construction payroll projects [3] - As of June 2025, the cumulative balance of the third-generation social security cards reached 91,495 accounts, benefiting numerous families [3] Group 3: Age-Friendly Initiatives - To bridge the digital divide, the bank has upgraded its mobile banking with a large font version and simplified operational processes, benefiting over 29,900 elderly customers [4] - The bank has established an "online + offline" anti-fraud education network, conducting over 40 anti-fraud education activities throughout the year to protect the financial security of elderly clients [4] - In the next phase, the Wuxi Branch will continue to leverage its network advantages to deepen the integration of pension finance scenarios and introduce more financial products and services tailored for the elderly [4]