NH Investment & Securities Surpasses 10 Trillion Won in Pension Assets

Retirement Pensions and Personal Pensions Surge... 16.9% Increase Compared to Previous Year

NH Investment & Securities announced on the 18th that its pension assets, combining retirement pensions and personal pensions, have surpassed 10 trillion won.

As of the end of September, NH Investment & Securities' pension assets amounted to 10.1247 trillion won, an increase of 1.453 trillion won (16.9%) compared to the previous year. Of this, retirement pensions accounted for 7.1867 trillion won, and personal pensions 2.916 trillion won. Following retirement pensions surpassing 7 trillion won at the end of June, the growth of pension assets has been led by this segment, while investments in exchange-traded funds (ETFs) within pension savings fund accounts have significantly increased, highlighting the strong growth of personal pensions (up 36.3% year-on-year).

To celebrate surpassing 10 trillion won in pension assets, NH Investment & Securities is conducting a 'Retirement Pension Default Option Event' until December 20. During the event period, customers who select a default option for the first time will receive a Starbucks coffee voucher (limited to the first 3,000 participants). Those holding default option products worth 1 million won or more, excluding ultra-low-risk products, will be given a Starbucks coffee and cake set voucher (1,000 winners by lottery). Additionally, ahead of the physical transfer of retirement pensions, the 'Retirement Pension Travel QV with Namu' event for net deposits and transfers of retirement pensions will run until the end of January next year. Depending on the net deposit and transfer amount during the event period, mobile gift certificates worth up to 30,000 won will be provided.

In line with achieving 10 trillion won in pension assets, NH Investment & Securities plans to carefully select and supply over-the-counter bonds tradable within retirement pension accounts to offer higher interest rates to retirement pension customers. Retirement pension-exclusive bonds will be available from the end of October, when the physical transfer of retirement pensions is implemented, through the first half of next year, and can be purchased directly via branch visits or the mobile app (APP). NH Investment & Securities expects the growth rate of pension assets to accelerate further once the physical transfer of retirement pensions is implemented.

Shim Ki Pil, Head of Retail Business Division at NH Investment & Securities, said, "NH Investment & Securities will do its best to expand a competitive product lineup, such as retirement pension-exclusive bonds, and provide differentiated customer management services to improve retirement pension yields."

Meanwhile, NH Investment & Securities offers various customized pension solution services through its mobile app (MTS), including integrated pension asset inquiry, pension readiness diagnosis, pension goal monitoring, pension product PICK, and pension receipt experience. Additionally, to enhance convenience for pension customers, the dedicated Pension Asset Management Center provides close management from the subscription stage through a specialized consultation center.