养老，是每个人终将面对的明天。未雨绸缪，方能在时代浪潮中安享岁月。 从"养儿防老"的传统依赖，到"三支柱"体系的现代构建，我国养老保障的发展始终与人口结构、经济转型同频共振。随着人口年龄结构的重大变迁，我国养老保障 已逐步向"三支柱协同"转型，形成多层次养老体系。 这一转型中，公募基金凭借专业资产管理能力，成为连接养老体系与民众需求的关键力量。其中，工银瑞信基金作为业内少数拥有养老金业务全牌照的资产管理机 构，经过十余年深耕，已形成覆盖三大支柱的完善养老投资体系，成为这一领域的重要实践者。 在第二支柱企业年金投资方面，工银瑞信展现出均衡且持续的投资能力。据人社部数据，该公司在2022年、2023年、2024年全国企业年金单一含权组合业绩中，表 现优异。具体来看，截至二季度末，在含权类组合方面，该公司管理的单一计划近三年累计收益率为10.67%，集合计划为8.89%，均在业内居前。在固定收益类组 合方面，工银瑞信单一计划固定收益类组合、集合计划固定收益类组合区间收益分别为10.89%、9.98%，同样超越同类平均收益，体现出其在资产配置与风险控制 方面的综合实力。 在个人养老金产品方面，根据Wind数据，全市场 ...

Group 1 - The core viewpoint of the news is the announcement of new regulations regarding personal pension withdrawals, which will enhance the flexibility of the personal pension system and cater to diverse participant needs starting from September 1 [1] - The new regulations introduce three additional scenarios under which individuals can withdraw their personal pensions, expanding the previous criteria [1] - The personal pension system is highlighted for its advantages over the first and second pillars of retirement savings, including tax benefits, superior investment products, and dedicated usage of funds [1] Group 2 - ICBC Credit Suisse Asset Management is noted as a pioneer in domestic pension investment, having established a comprehensive range of pension investment products, including 13 personal pension Y shares as of August 19, 2025 [2] - The company offers a one-stop pension investment solution through its target date funds, which cover retirement years from 2035 to 2060, allowing investors to benefit from a lifecycle-matched investment service without needing to actively manage their investments [2] - The target risk funds are designed to cater to different risk preferences, enabling investors to select options that align with their risk tolerance and investment capabilities [2] Group 3 - Data from the second quarter of 2025 indicates that six out of twelve personal pension Y shares from ICBC Credit Suisse achieved returns exceeding 6% in the past six months, with the ICBC Pension 2050 Y share reaching a return of 14.59% [3] - Over a one-year period, all eight comparable personal pension Y shares achieved returns over 9%, with the ICBC Pension 2050 Y share yielding 20.63% [3] - The adjustment in personal pension withdrawal scenarios coincides with the Shanghai Composite Index reaching a nearly ten-year high, emphasizing the investment value of personal pension Y shares [3]

Core Viewpoint - The domestic public FOF (Fund of Funds) market is experiencing a resurgence in issuance and product structure diversification, reflecting increasing investor recognition of these products as A-share indices stabilize and recover [1] Group 1: Market Performance - As of the end of Q1 2025, the total scale of domestic FOF funds increased by 13.46% to 1510.8 billion yuan, with 86% of FOF funds achieving positive returns, particularly in equity-oriented FOFs [1] - By June 4, 2025, the scale further grew to 1618.52 billion yuan, with leading performance from funds managed by ICBC Credit Suisse, Qianhai Kaiyuan, Tongtai, and Penghua [1][2] - The FOF market is being driven by institutional investors accelerating their layouts, supported by the high liquidity and low fees of ETFs, which are becoming core components of FOF portfolios [1] Group 2: Fund Performance - Multiple FOF products have shown stable performance, with ICBC's "Rui Zhi Jin Qu Yi Nian A" leading the equity FOF category with a return of 11.36% as of June 4, 2025 [3] - Other notable performers include "Qianhai Kaiyuan Yu Yuan" and "Tongtai You Xuan Pei Zhi" funds, with returns of 9.57% and 9.28% respectively [3] - ICBC's various pension FOF products, such as "ICBC Pension 2050Y" and "ICBC Pension 2045Y," are also ranking highly in their respective categories [5][6] Group 3: Investment Strategy and Trends - The FOF market is increasingly recognized as a key tool for personal pension investments, with a focus on target date and target risk FOFs to meet diverse investor needs [5] - ICBC Credit Suisse has established a comprehensive product line covering various retirement goals and risk profiles, demonstrating a long-term commitment to pension FOFs [8] - The dual strategy of "investment research platformization and track specialization" is crucial for FOFs to adapt to market changes and enhance their appeal to investors [9]