NH Nonghyup Financial is consolidating the capabilities of its subsidiaries in banking, securities, and asset management to enhance its competitiveness in the retirement pension business.
On August 17, Nonghyup Financial announced that it will strengthen its pension operations at the group level by integrating the retirement pension management and asset management capabilities of its affiliates.
As of the end of June, NH Nonghyup Bank reported that the one-year return on non-guaranteed principal products for retirement pensions was 25.04% for defined benefit (DB) plans, 57.33% for defined contribution (DC) plans, and 59.69% for individual retirement pensions (IRP).
NH Investment & Securities also recorded the highest recent five-year annualized returns among securities firms with over 1 trillion won in reserves, at 12.57% for DC plans and 11.83% for IRPs. The ten-year annualized return for IRPs was 10.35%.
NH Amundi Asset Management's flagship pension product, 'Hanaro Qualified TDF 2035 (C-P2e Class),' achieved a cumulative return of 45.96% over the past five years as of the end of July. Since its establishment in June 2019, it has accumulated a return of 82.81%.
Nonghyup Financial plans to enhance its digital-based pension management services while utilizing its nationwide sales network to support customers with limited access to pension and asset management services.
A Nonghyup Financial official stated, "Retirement pensions are an important asset that supports the stable livelihood of citizens in their later years. We will leverage our financial expertise, global management capabilities, and community connections to support the formation of stable retirement income."
On August 17, Nonghyup Financial announced that it will strengthen its pension operations at the group level by integrating the retirement pension management and asset management capabilities of its affiliates.
As of the end of June, NH Nonghyup Bank reported that the one-year return on non-guaranteed principal products for retirement pensions was 25.04% for defined benefit (DB) plans, 57.33% for defined contribution (DC) plans, and 59.69% for individual retirement pensions (IRP).
NH Investment & Securities also recorded the highest recent five-year annualized returns among securities firms with over 1 trillion won in reserves, at 12.57% for DC plans and 11.83% for IRPs. The ten-year annualized return for IRPs was 10.35%.
NH Amundi Asset Management's flagship pension product, 'Hanaro Qualified TDF 2035 (C-P2e Class),' achieved a cumulative return of 45.96% over the past five years as of the end of July. Since its establishment in June 2019, it has accumulated a return of 82.81%.
Nonghyup Financial plans to enhance its digital-based pension management services while utilizing its nationwide sales network to support customers with limited access to pension and asset management services.
A Nonghyup Financial official stated, "Retirement pensions are an important asset that supports the stable livelihood of citizens in their later years. We will leverage our financial expertise, global management capabilities, and community connections to support the formation of stable retirement income."
* This article has been translated by AI.
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