Shinhan Financial Group Launches Integrated 'Non-face-to-face Pension Asset Management' Service for Group Companies

First Financial Sector Launches Group-wide Integrated 'Smart Yeongeummadang' Platform

[Asia Economy Reporter Haeyoung Kwon] Shinhan Financial Group launched the 'Smart Pension Madang' platform on the 17th, the first in the financial sector to integrate group companies and provide customers with a non-face-to-face pension asset management service.

Smart Pension Madang is a platform that allows users to view and manage retirement pensions and pension savings from major Shinhan Financial Group companies such as Shinhan Bank, Shinhan Investment Corp., and Shinhan Life Insurance all at once. Prioritizing customer convenience, the platform enables all pension-related tasks within a single platform, including opening new IRP accounts across group companies, cross-deposits between group companies, setting profit rate notifications per account, changing payment limits, and rebalancing held assets.

Previously, customers who dealt with Shinhan Bank and whose company retirement pension providers were Shinhan Investment Corp. or Shinhan Life Insurance had to manage their retirement pensions through each company's website or application, which was inconvenient. However, by using Smart Pension Madang, customers can manage their personal pension assets through the Shinhan Bank SOL app without needing to install separate apps.

Smart Pension Madang also offers various additional services for efficient pension planning. It is linked with the Financial Supervisory Service’s Integrated Pension Portal to provide pension assets and National Pension payment status from other financial institutions, allowing users to estimate their total expected pension amount and manage pensions according to desired conditions such as pension start age and payment period.

It shows the payment status of pension savings across all group companies and provides an estimated tax credit service based on income brackets accordingly.

A Shinhan Financial Group official stated, "Smart Pension Madang is a comprehensive pension management platform for customers’ stable and secure retirement life," adding, "We will continue to improve convenience and advance the platform to enable efficient and systematic pension asset management for our customers."

Meanwhile, Smart Pension Madang will sequentially open services starting with Shinhan Bank on the 17th, followed by Shinhan Investment Corp. on the 21st, Shinhan Life Insurance on the 25th, and Shinhan Card on the 12th of next month.

This content was produced with the assistance of AI translation services.