The diversified development of pension financial products: a bank-centered exploration

Abstract

Under the background of the acceleration of population ageing and the diversification of pension needs, the innovation of pension financial products has become the core proposition to deal with the challenges of the silver-haired economy. This paper takes the bank-dominated pension finance ecology as the entry point, and reconstructs the dynamic life cycle model and the theoretical framework of intertemporal utility optimization, an asset allocation strategy based on multi-dimensional demand clustering and an open product architecture design are proposed, which break through the limitation of single function of traditional financial products, it explores the innovation of technology-driven service models such as the construction of closed-loop medical health payment through API technology, integrated home care monitoring through the Internet of things, and evaluation of digital twin empowerment institutions, and build a two-dimensional prevention and control mechanism for full-cycle risk monitoring and consumer protection. The purpose of this paper is to provide theoretical support and practical path for the product iteration and service upgrading of commercial banks in the field of pension finance, and to help realize the precise allocation and sustainable development of pension resources.