reporter learned from many fund companies that the first batch of personal pension investment fund products officially launched on November 28. Some investors who have opened personal pension accounts have begun to "try out" and purchase Y shares of related fund products.
What is the Y share? The Y share is specially set for personal pensions. Participants can purchase Y fund shares through their personal pension accounts when they need it. According to the information disclosed by various institutions, the management fees and custody fees of individual pension funds are generally 50% off.
On November 18, the China Securities Regulatory Commission released the first batch of personal pension investment fund products and sales institutions, including 129 pension target funds of 40 fund managers and 37 fund sales institutions. According to reports, personal pension system is in the trial stage, and this list will be given priority to include pension target funds that meet the conditions. In the future, experience will be summarized in a timely manner and other funds that are suitable for the long-term investment needs of individual pensions will be gradually included in time. The first batch of personal pension investment fund products that will be sold on November 28 are all on the above list.
Ministry of Human Resources and Social Security 11 announced the launch of personal pensions on November 25, and at the same time announced the list of 36 pioneer cities or regions. Personal pension fund accounts must be opened or designated at commercial banks that meet the requirements for payment, purchase of products, collecting income, etc. On the same day, the apps of many banks had displayed the portal for opening an account for personal pension. (Reporter Liu Hui)
