It is now possible to compare the rates of return and other features of retirement savings products such as trusts and funds on the Integrated Pension Portal, tailored to each product’s characteristics.
The Financial Supervisory Service announced on March 3 that, starting from the fourth quarter of last year, improvements have been made to the Integrated Pension Portal to make pension savings product comparison disclosures more convenient.
The main improvement concerns rate of return information. From the fourth quarter of last year, different indicators are applied according to product type: dividend rates for trusts, rate of return based on adjusted base price for funds and ETFs, and accumulation rates for insurance products, reflecting the unique characteristics of each product.
Previously, all products used a unified rate of return indicator based on operating profit and loss compared to total net contributions, which distorted the actual rates of return. In reality, the rate of return for trusts increases with the operation period, while for funds, the rate fluctuates significantly due to capital inflows and outflows. Therefore, it was necessary to use different rate of return indicators for each product.
Information on ETFs, which are experiencing growing investment demand, has also been added. For ETFs, details such as total net assets, rate of return, and risk grade are now provided, enabling consumers to compare a variety of products. The risk grade is applied not only to ETFs but also to other fund products, allowing consumers to intuitively grasp the risk level of each product.
From the fourth quarter of last year, information on accumulated funds by product type for each distributor is also provided. This helps consumers check the performance of financial companies that sell and manage retirement savings products, enabling them to make more informed decisions.
This measure addresses the previous situation in which only manufacturer-centric information was available. In particular, for retirement savings funds, the manufacturer and the distributor are often different entities. The amount of accumulated funds held by the distributor serves as one of the criteria for consumers when selecting products. However, until now, it was difficult for consumers to know the distributor for retirement savings funds, making product selection challenging.
An official from the Financial Supervisory Service stated, "We will continue to enhance the convenience features of the Integrated Pension Portal so that subscribers of retirement products can use it more easily," adding, "In the second half of this year, we plan to carry out a reorganization to further improve accessibility."
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