What Is a Retirement Portfolio?

The reporter learned in the interview that the basic plan for the investment and operation of the pension insurance fund has been formed and will be reported in accordance with the procedures in the second half of this year. In order to ensure the safety of the fund, a very prudent policy will be adopted in the investment and operation of the pension insurance fund, and the proportion of funds entering the stock market will be limited. ^[1]

Pension Investment Scheme

Right!

The reporter learned in the interview that the basic plan for the investment and operation of the pension insurance fund has been formed and will be reported in accordance with the procedures in the second half of this year. In order to ensure the safety of the fund, a very prudent policy will be adopted in the investment and operation of the pension insurance fund, and the proportion of funds entering the stock market will be limited. ^[1]

Determine the direction of diversified investment. According to this plan, investment will adhere to the principle of marketization, and professional investment institutions will conduct investment operations in accordance with market rules. The plan determines a diversified investment direction. In addition to continuing to buy government bonds and deposits with banks, it will choose some projects with good returns and promising prospects for investment. At the same time, there will be restrictions on the proportion of funds entering the stock market.

Under the background of increasing pension gap pressure, the market-oriented operation of funds is urgent. As of the end of last year, the accumulated balance of the basic pension insurance fund has exceeded 3 trillion yuan. However, according to current regulations, pension funds can only buy government bonds and deposit in banks. Its advantage is that it guarantees the security of the fund, but it is difficult to achieve value preservation and appreciation. Judging from the situation in previous years, the yield is lower than the CPI, and it is actually depreciating. Since the establishment of the National Social Security Fund Council, the average annualized rate of return has reached more than 8%.

Industry insiders predict that the investment plan may draw on the enterprise annuity investment ratio. According to the regulations of the Ministry of Human Resources and Social Security, the proportion of corporate annuity investment in liquid assets must not be less than 5% of the net asset value of the investment portfolio; the proportion of investment in fixed income assets must not be higher than 135% of the net asset value of the investment portfolio; The proportion of stocks, equity funds, mixed funds, investment-linked insurance products (equity investment ratio is higher than 30%), and equity-type pension products must not exceed 30% of the net asset value of the investment portfolio.

Based on this ratio, in theory, more than 1 trillion yuan in pensions can be put on the market. However, experts said that pension entry is not a single entry into the stock market, but extensive participation in the capital market.

"In the initial stage, the pace of investment will not be too great, and the funds invested will never reach the so-called trillions. The entry of pensions into the market is a long-term policy. The phenomenon of capital flow to the stock market will also have a long-term impact on the stock market, "said the expert. ^[1]