On the 27th, Dongyang Life announced that it ranked first among all retirement pension providers in the high-risk default option product category for returns in the third quarter of this year.
According to the Financial Supervisory Service's Integrated Pension Portal, Dongyang Life's "Default Option High-Risk BF1" retirement pension product posted a one-year return of 27.3%, which was 7.26 percentage points higher than the average return of products in the same category. Among 88 high-risk grade products sold and managed by 41 retirement pension providers including banks, securities firms, and insurance companies, it ranked first in overall returns.
Exterior view of the Dongyang Life Insurance building. Provided by Dongyang Life Insurance
The "Default Option High-Risk BF1" is a fund that follows the management style of the variable annuity global asset allocation style fund launched by Dongyang Life in February 2020. It is a balanced fund that seeks stable returns through balanced asset allocation between stocks and bonds while dynamically responding to changes in the global macro environment. Leveraging the overseas global asset allocation fund management expertise accumulated since 2020, it offers a competitive management fee of 50bp (1bp=0.01 percentage points), which is lower than the average fee of similar default option funds (64.8bp), making it a product expected to deliver effective long-term investment performance.
In the medium-risk default option category, Dongyang Life's "Default Option Medium-Risk PF1" product recorded a return of 17.97%, ranking fifth overall among medium-risk products and first among insurance sector products. Dongyang Life also achieved first place in returns for ultra-low-risk default option products among all retirement pension providers in the second quarter, demonstrating excellent performance in retirement pension returns.
Along with efforts to provide competitive returns to customers, Dongyang Life improved its fee structure starting in April to ensure responsible management of default options and to help customers efficiently manage their retirement assets. When customers select default option products in their Individual Retirement Pension (IRP) accounts, Dongyang Life charges performance fees only if returns exceed the benchmark rate. If returns fall below the benchmark or are negative, a reasonable fee system is applied that discounts the performance fees.
A Dongyang Life official said, "We are very pleased that our retirement pension achieved excellent results in the third quarter following the second quarter. Going forward, we will do our best to ensure that our customers' valuable assets for retirement security are managed stably based on accumulated asset management know-how and systematic systems."
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