Shinhan Bank announced on the 16th that it became the first bank in the banking sector to surpass 40 trillion KRW in retirement pension reserves as of the end of last year. Additionally, the annual net increase in DC and IRP accounts, which are directly managed by subscribers, also reached 4.4596 trillion KRW, ranking first across all financial sectors.
Since 2021, Shinhan Bank has waived management and asset management fees for customers receiving retirement pension reserves as pensions, providing fee exemption benefits worth 10.2 billion KRW annually to 25,000 customers last year alone.
Furthermore, through the ‘Retirement Pension Customer Service Center,’ the bank offers optimal portfolios tailored to each customer and has introduced an AI-based customer consultation system. Last year, it opened offline channels called ‘Pension Lounge’ in Nowon and Ilsan, providing professional retirement asset management consultations to ensure systematic management from asset formation and management to pension receipt.
In addition, Shinhan Bank launched the mobile-exclusive ‘SOL Pension Lounge’ service, offering various content such as recommendations for savings and loan products and a simple tax calculator that computes comprehensive income tax and gift tax.
Meanwhile, to celebrate surpassing 40 trillion KRW in retirement pension reserves, Shinhan Bank is running the ‘Valuable Severance Pay with Shinhan in the Year of Gapjin’ event until March 31. Customers who deposit severance pay of 10 million KRW or more into an IRP or convert it into a pension are eligible to win prizes such as laptops, and participation is available through the Shinhan SOL Bank event page.
A Shinhan Bank official stated, “We will continue to focus on managing returns through default option product operations and devote ourselves more to customer management and mutual growth. Along with systematic asset management, we will also expand various services that benefit our customers.”
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