What Is a Pension Trustee?

The trustee refers to the corporate annuity board entrusted to manage the enterprise annuity fund or a legal person trustee such as a pension management company that complies with state regulations (hereinafter referred to as a legal person trustee). The enterprise annuity council is composed of enterprise representatives, employee representatives, and other personnel. It manages the enterprise annuity affairs of the enterprise according to law and must not engage in any form of business activities. The members of the enterprise annuity council shall be honest and trustworthy, have no record of major violations of law, and shall not be charged in any form.

Corporate Annuity Trustee

(1) registered in China with the approval of the state financial regulatory authority;

(two)

(1) selecting, supervising and replacing account managers, custodians, investment managers and intermediary service agencies;

(2) Formulating investment strategies for enterprise annuity funds;

(3) to compile the enterprise annuity fund management and financial accounting report;

(4) supervising the management of the enterprise annuity fund according to the contract;

(5) Collect enterprise and employee contributions according to the contract, and pay enterprise annuity benefits to beneficiaries;

(6) Accepting enquiries from clients and beneficiaries, and regularly providing corporate annuity fund management reports to clients, beneficiaries and relevant regulatory authorities. When major events occur, report to the client, beneficiary and relevant regulatory authorities in a timely manner;

(7) Keeping records related to the management of enterprise annuity funds for at least 15 years in accordance with state regulations;

(8) Other duties stipulated by the state and contract.