[2023 Capital Investment Award] NH Investment & Securities, Retirement Pension Annual Average Growth of 14.8%

NH Investment & Securities Wins Top Award in DC Pension Sector

NH Investment & Securities received the Best Award in the DC Pension category at the '2023 Asia Capital Investment Awards.' The company was highly recognized for maintaining an average high growth rate of 14.8% over eight years (2015?2022) in the pension sector.

NH Investment & Securities is a securities firm showing remarkable growth in the pension sector. The presence of securities companies in the pension market is steadily increasing. By the end of 2022, the total pension market reserves reached 332 trillion KRW. Over the past eight years (2015?2022), the proportion of DB plans has decreased (68% → 58%), while DC (22% → 25%) and IRP (9% → 17%) proportions have gradually expanded. Additionally, although the share of banks and insurance companies in the individual pension (DC/IRP) market is shrinking, the market share of securities firms has grown from 17% to 24%.

NH Investment & Securities ranks first with an annual growth rate of 29.7% in DC pension reserves. As of the end of September, NH Investment & Securities' DC pension reserves amounted to 1.1996 trillion KRW, an increase of 29.7% (+274.5 billion KRW) compared to the previous year. This represents the highest growth rate among full-service pension providers (securities, banks, insurance) with DC reserves exceeding 500 billion KRW.

The high growth rate in the DC pension sector demonstrates NH Investment & Securities' competitiveness in pensions. It indicates a rapid increase in subscribers choosing NH Investment & Securities as their pension provider. Since DC pensions require the subscriber (employee) to manage their own investments, selecting the pension provider (financial company) is crucial.

Since 2023, NH Investment & Securities has been operating a task force team (TFT) to strengthen competitiveness in pensions (DC and IRP). A key focus has been enhancing the pension platform's competitiveness. When opening a pension account, a non-face-to-face simple authentication method was introduced to simplify the verification of pension eligibility for employees and individual business owners. Additionally, the process for non-face-to-face pension account opening, transfers, and product trading via mobile-linked URLs and QR codes was simplified, improving convenience in pension subscription, management, and operation.

Furthermore, an integrated pension asset service was introduced within the MTS. NH Investment & Securities customers can view their National Pension, retirement pension, and personal pension assets from other financial institutions all at once. This offers the advantage of detailed pension asset status inquiry. Notably, it also allows users to check the estimated pension amount they will receive over the next 20 years based on their accumulated pension assets, which is considered a strong feature.