According to the Securities Times, the trillion annuity fund will enter the long-term assessment stage, and relevant guidance has been issued and is being promoted. This measure aims to promote long-term investment in annuity funds and change the trend of short-term assessments. As the “second pillar” of the pension security system, the pension fund's investment and operation scale has exceeded 7.7 trillion yuan. By extending the contract period and assessment cycle and optimizing the medium- to long-term assessment mechanism, annuity funds will pay more attention to long-term risk control and cross-cycle asset allocation to enhance their soundness and profitability. This move will not only provide pension funds with a higher long-term investment perspective, but will also help more medium- to long-term capital enter the market. According to the reporter's understanding, in the past, pension funds generally implemented annual income rankings and absolute income assessments. Some also conducted “horse racing” rankings based on quarterly and monthly results, while linking ranking results to fund allocations. “Under this mechanism, in order not to lose share, investment decisions inevitably lead to shortening.” A person from an annuity investment management agency said.

According to the Securities Times, the trillion annuity fund will enter the long-term assessment stage, and relevant guidance has been issued and is being promoted. This measure aims to promote long-term investment in annuity funds and change the trend of short-term assessments. As the “second pillar” of the pension security system, the pension fund's investment and operation scale has exceeded 7.7 trillion yuan. By extending the contract period and assessment cycle and optimizing the medium- to long-term assessment mechanism, annuity funds will pay more attention to long-term risk control and cross-cycle asset allocation to enhance their soundness and profitability. This move will not only provide pension funds with a higher long-term investment perspective, but will also help more medium- to long-term capital enter the market. According to the reporter's understanding, in the past, pension funds generally implemented annual income rankings and absolute income assessments. Some also conducted “horse racing” rankings based on quarterly and monthly results, while linking ranking results to fund allocations. “Under this mechanism, in order not to lose share, investment decisions inevitably lead to shortening.” A person from an annuity investment management agency said.