During the Spring Festival, banks in China did not let down its guard, but instead took unprecedented action to “attract clients from its competitors”. In fierce competition, banks nationwide have made every possible effort to tempt clients to set up a personal pension account by marketing activities such as the lucky draw, instant discount, referral rewards, etc.

Regrettably, despite the craze for opening a bank account, people are reluctant to deposit, which has become a hidden hazard that cannot be neglected. As of the first half of 2023, the number of individuals participated in personal old-age pension exceeded 40 million, with the amount of deposits exceeding 18 billion yuan, which is merely equivalent to 450 yuan per capita contributions. With a meagre 450 yuan, how can we guarantee our care-free life after retirement? It’s nothing short of a unrealistic illusion.

Therefore, through other effective financial instruments, solving elderly-care problems has become one of the most pressing social issues. In particular, some countries and regions like Japan, Hong Kong, are at the forefront of this trend, having developed full-fledged elderly-care Trust, which provides a solution to address the challenges of an ageing society. Accordingly, it has become a preferred choice of many retirees.

There are the following significant advantages behind its the favour of the general public:

1. Reasonable utilisation of funds. You can pre-arrange living expenses, medical expenses or nursing care expenses for yourself or your parents to ensure a high-quality retirement life.
   
   
2. Asset protection has the effect of isolating all types of risks. When assets are transferred to a Trust account, they are held in the name of the Trustee Company and strictly protected by relevant Trust laws. This means that your assets can be protected to the greatest extent possible, thus preventing them from exposed to all kinds of potential risks.
   
   
3. Achieve steady growth through professional investment. Your assets are not only protected, but can also grow steadily through professional investment teams, providing you with a stable income.
   
   
4. A comprehensive service system ensures a better life in your old age. Trustee Companies can offer you with a variety of elderly-care services, given the long term relationships they have established with many well-known elderly service organisations.

With Elderly-Care Trusts gaining further popularity and growth nationwide, we are fully confident that it is bound to become a wise option for a growing number of people. Meanwhile, Elderly-Care Trusts can safeguard those in need, enabling them to live a more comfortable, secure and care-free life in their old age and enjoy the joy and beauty of old age.