| The global economy has entered a rapid development of the fast lane since World War II, in the21st century, although traditional developed countries slowdown in economy field, but the emerging market countries, such as China, India, Pakistan, Russia, are still developing rapidly. Accordingly, the level of medical technology advances, birth rate falls gradually, aging makes a serious problem worldwide, a State spending on pensions has become increasingly overwhelmed, the old pension system needs restructurtion. World Bank, IMF and other institutions proposed the "three pillars" theory based on the experience of the developed countries pension system reform, the main idea is:the public pension system is providing wide coverage, low level of basic old-age security; then through businesses and employees pay to achieve a fully funded individual accounts; Finally, savings in the form of personal or business insurance improve retirement income replacement rate."Three-pillar" pension system theory has been used around the world, although the specific design of the system in each country differ, but the same is that countries in order to reduce public pension spending, reduce the financial burden, both to develop the second pillar, making it the most massive scale of development. In the case of OECD countries, the second pillar of enterprise annuity fund in its GDP accounted for a minimum of60%, and showed a rising trend. In China, as the second pillar of the enterprise annuity, it is a supplement to the basic endowment insurance system. It consists of both enterprises and employees pay, funds into personal accounts and the formation of the fund, to the trustee by the trust system, the value to the market mode of operation of the fund to achieve. For enterprises, it assume endowment function is also the realization of the effective corporate governance tools, old-age security complete can improve staff loyalty, can also be used to attract outside talent. Since2001China’s first clear the name "enterprise annuity" since, has undergone the development of more than10years. In2004, China has successively promulgated the "Trial Measures for enterprise annuity" and "enterprise annuity fund management", has laid a solid foundation for the implementation of these two measures for enterprise annuity. Due to late development of enterprise annuity in China, the early policy uncertainty and other reasons, the pension fund is relatively limited, but in recent years, the scale of enterprise annuity increases by30%a year, gradually into the rapid rise of the channel, especially in2013December, the relevant tax preferential policies for the extension of the delivery of the dust has settled, which marks China’s enterprise annuity to further clarify the tax issues, the development momentum that will form a long-term positive. The enterprise annuity is to trust management, as the vital trust center, the trustee in view of this, based on the enterprise annuity trustee for the object of study.This essay starts from the definition and characteristics of enterprise annuity and the trust system, in order to introduce the issues of enterprise annuity related generally, I elaborates the basic concepts and combs the development of enterprise annuity in China. Secondly, two types of enterprise annuity trustees were analyzed, the development trend of today, should the corporate trustee to act as trustee conclusion. In the corporate institutions, through comparative analysis of various trustee mode, summed up the "3+1" trustee management mode has an obvious advantage. Once again, to the United States, Japan, the development of Hong Kong, wisdom as an example to introduce the developed countries and areas of the enterprise annuity. Finally, according to the management of enterprise annuity in China, put forward to professional pension insurance, annuity trustee, pushing two proposals set program development. |
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