Which Bank Ranks First in Low-Risk Returns for Retirement Pension Default Options?

NH Nonghyup Bank, 1-Year Return Rate of 8.40%

NH Nonghyup Bank announced on the 15th that the 1-year return rate of low-risk default option products for retirement pensions was 8.40%, according to the 'Default Option Return Rate Disclosure' released by the Ministry of Employment and Labor on the 5th. In the medium-risk product category, it also achieved the second highest annual return rate in the industry at 11.09%.

Since the full implementation of the retirement pension default option system on July 12 last year, the main purpose of introducing the default option system has been to improve the return rates of retirement pensions, making the return rates of default option products a crucial factor determining the success or failure of the system.

NH Nonghyup Bank has strengthened return rate management and consulting for subscribers by expanding the default option product development and customer management organization. It plans to provide investment information and non-face-to-face services in the future.

An NH Nonghyup Bank official stated, “As of the end of 2023, we achieved a 98.4% rate of amendment to regulations related to the introduction of default options and a 77.8% product designation rate, securing an overwhelming first place among all operators. We plan to manage and operate the system more solidly,” adding, “We will do our best to realize stable returns through this and ensure a prosperous life for subscribers after retirement.”