The Admininstration Risk Of Enterprise Annuity Fund Investment In Our Country

According to overall concept request of country social security system construction, the old-age insurance has three level constitutions, those are the society basic old-age insurance, the enterprise pension and individual deposit of old-age insurance, the enterprise pension is the second level in multi-level insurance system for the aged. The enterprise pension is playing the vital role in our country social security system. The enterprise pension's guaranteed price and increment decide that it must maintain a lower risk security, which has decided that it has high risk management request.The management risk is the basic risk which we will face in the enterprise pension fund investment operation face. It is a relatively complex process. Our country Enterprise pension fund operation management pattern is clear using the trust pattern, the trust management pattern has formed the trust relations, the principal-agent relations and so many kinds of complex relations, in which includes the principal, the agent, the account supervisor, the trustee, invests supervisor, the beneficiary and so on. The enterprise pension fund risk chain is long and the risk is big, which causes the risk management to be quite difficult. The depression of Our country Enterprise pension fund investment operation management risk, to enhance the enterprise pension fund to guarantee price increment ability, deepen our country old-age insurance system reform, impetus our country's economical development and maintenance social stability all has the extremely vital significance.This article mainly studies the operation management risk of our country Enterprise annuity pension investment. First, this article reviewed the domestic and foreign related enterprise pension theory, and has carried on the review to the enterprise pension development course. Through the analysis to the Shanghai society, proposed that in our country Enterprise annuity fund investment operation management has the risk.Next, this article has carried on the analysis to our country Enterprise pension investment operation and management pattern, and the management risk chain of the trust management pattern trust relation and the principal-agent relation, such as trust risk, principal-agent risk, investment management risk, account management risk, Mandatory administration risk, intermediary service risk, supervising and managing risk, and analyzed the subjective and the objective reason of each kind of management risk to form.Finally, on the base of the management risk analysis, this article proposed the perfect enterprise pension management mechanism may control and guard against the management risk. problem in the pension operation, and have the possibility to break the entire operation chain, in order to control the risk of enterprise pension trust pattern effectively in long term,we must establish the internal control mechanism, the balance mechanism, the incentive mechanism, the information disclosure mechanism, the supervising and managing mechanism.