SC Jeil Bank "Plan Your Retirement on Mobile"...... Launch of 'Retirement Planning in Your Hand'

[Asia Economy Reporter Song Seung-seop] SC First Bank launched the mobile lifetime asset management service ‘Retirement Planning in Your Hands’ on the 13th.

This service diagnoses the status of retirement preparation and purpose funds through the mobile banking application (app) without visiting the bank. It also provides calculations of insufficient funds and customized suggestions. Subscribers to the Financial Supervisory Service’s Integrated Pension Portal can view the cumulative amounts and expected receipts of retirement pensions and personal pensions from all financial institutions, including the expected amount of the National Pension.

In the ‘Financial Planning at a Glance’ menu, it helps prepare purpose funds not only for simple retirement planning but also for children’s education, marriage, home purchase, lump-sum savings, inheritance, and gifts. The embedded financial planning calculator calculates and informs the savings amount and period.

SC First Bank explained that it has made its existing lifetime asset management service, ‘Premier Age,’ accessible to more customers. Through this, it is evaluated that more convenient and systematic retirement planning and customized suggestions have become possible.

Colin Chiang, Head of Asset Management Division at SC First Bank, emphasized, “Among asset management, retirement planning is becoming increasingly important,” and added, “You can use systematic global retirement asset management services even through the app.”