Mirae Asset Securities, First in Securities Industry to Surpass 10 Trillion KRW in Personal Pension Reserves

Mirae Asset Securities announced on the 6th that its individual pension reserves reached 10.0436 trillion KRW as of the 4th, marking an increase of approximately 673.9 billion KRW compared to the end of 2023, becoming the first in the securities industry to surpass 10 trillion KRW in individual pension reserves.

The reason Mirae Asset Securities was able to stand out in the individual pension market is that it reflected the demand of customers who want an "investing pension" by lineup pension-specialized products and focusing on managing customer returns through portfolio services such as individual pension wrap accounts, thereby satisfying customer demand with its marketing strategy.

Additionally, providing specialized pension services in line with changes in the individual pension system was also effective. Individual pension savings, which could only be subscribed to until 2000, and pension savings accounts that ended subscriptions after February 2013 were pension accounts that allowed investment only in single products. In contrast, the pension savings account operated from March 2013 to the present was improved into a product that allows diversified investment in various products. Naturally, Mirae Asset Securities, equipped with the ability to manage pension assets through global asset allocation, became a leader in pensions.

The pension savings account can be divided into pension savings trusts (however, new sales have been discontinued since 2018), pension savings funds, and pension savings insurance. Among these, pension savings funds increased by 151% over five years, showing a remarkable growth trend compared to other accounts. This is the result of active money movement through individual pension contract transfers from insurance and bank pension savings insurance and trusts to securities companies' pension savings funds.

Currently, Mirae Asset Securities offers individual pension wrap accounts, which are discretionary managed products, and individual pension advisory services that periodically provide product portfolios. These products are suitable for customers who find investing difficult or have trouble managing assets and want to entrust management. Additionally, a personal pension robo-advisor wrap account is being developed and is scheduled to start service for customers in the third quarter.

Choi Jong-jin, head of Mirae Asset Securities, said, "Since pension assets can be managed over the mid to long term, steady management through diversified investment in global quality assets will contribute to forming assets that can be practically used as retirement assets."

To celebrate reaching 10 trillion KRW in individual pensions, Mirae Asset Securities has been running an event since the 1st of this month, offering various benefits to customers who transfer pension accounts, including retirement pensions, and those who transfer and deposit funds from matured Individual Savings Accounts (ISA) into pension accounts.