The Ministry of Social Affairs: the proportion of enterprise annuity investment equity products is expected to improve

The Ministry of Social Affairs is revising the management of Enterprise Annuity Fund. Our reporter Lu Ying human Resources and Social Security Department of the Fund Division, Wang Qiang 13th revealed that the Ministry of Social Affairs is revising the "Enterprise Annuity Fund Management Trial measures", may raise the enterprise annuity investment stocks and other rights and interests of the proportion of products. Wang Qiang said at the China-Latin American and Caribbean Pension System Symposium, organized by the World Social Security Research Center, the original "method" was promulgated in May 2004, but in the market promotion and demand, the original "method" to be clarified and supplemented, in the Enterprise Annuity Fund investment, will expand equity investment,　　At the same time increase the product. According to the original "method", the enterprise annuity must invest the majority in fixed income products. Among them, the investment bank demand deposit, the proportion of liquidity products such as central bank bills, short-term bond repurchase and money market funds is not less than 20% of the net assets of the Enterprise Annuity Fund; The proportion of fixed income products such as investment bank time deposits, agreement deposits, government bonds, financial debts, corporate bonds, and convertible and bond funds, No more than 50% of the net assets of the Enterprise Annuity Fund. Enterprise Annuity Investment stock and other equity products and investment insurance products, stock funds ratio, not higher than the Enterprise Annuity Fund net assets of 30%.　　Among them, the proportion of investment stock is not higher than 20% of the net assets of Enterprise Annuity Fund. Many fund sources have called for the advantage of the fund company lies in the investment experience of equity products such as equities, and the original "method" strictly restricts the proportion of investment, which has a negative impact on the design of the fund with high returns, at the same time, because the fixed income product actually does not exist how many investment technical difference,　　This makes the individual fund company annuity product personalization seriously insufficient.　　Wang Qiang also said that the newly revised "method" includes improving the role of the Enterprise Annuity Council, expanding the proportion of investment in equity, strengthening the role of intermediary agencies, standardized supervision and inspection, enterprise annuity cost management, corporate pension governance structure and other aspects of the perfect supplement, is expected to be released this year implementation. According to the Ministry of Social Statistics, by the end of last year, the national participation in the enterprise annuity program number reached 11.79 million, the cumulative fund of 253.3 billion yuan, the last 4 years added 185.3 billion yuan, an average annual increase of 46.3 billion yuan.