Shinhan Bank Launches Retirement Pension ETF

Easy Management Available on Shinhan SOL Retirement Pension Platform 'Naui Toejikyeongeum'

[Asia Economy Reporter Park Sun-mi] Shinhan Bank announced on the 1st that it has launched a retirement pension ETF product that allows customers enrolled in defined contribution (DC) retirement pensions and individual retirement pensions (IRP) to operate exchange-traded funds (ETF).

Shinhan Bank added ETFs to its retirement pension product lineup to provide various product operation opportunities and reflect the needs of customers who want active investment. Customers enrolled in Shinhan Bank’s retirement pension DC/individual IRP can operate ETF products through the ‘My Retirement Pension’ platform on Shinhan SOL.

‘My Retirement Pension’ is a comprehensive guidance service that allows users to view retirement pension product information and returns at a glance, currently used by 150,000 monthly active users (MAU). In particular, Shinhan Bank plans to add ETF-related services to its AI-based ‘Follow the Investment Master’ platform.

‘Follow the Investment Master’ analyzes the returns of one million customers using Shinhan Bank’s retirement pension platform and provides portfolios of investment masters who have achieved an average annual return of over 10% since product subscription, offering guidance on retirement pension product operation and investment direction.

A Shinhan Bank official said, “Through the launch of this ETF product, we will provide various product operation opportunities to retirement pension customers and continuously offer products and services that reflect the needs of retirement pension customers in the future.” He added, “We will continue to strive to provide customer-centered financial services in line with Shinhan Financial Group’s vision of ‘Easier, More Comfortable, and Newer Finance.’”