Mirae Asset Securities Ranks No.1 Among Major Providers in DC and IRP Returns

Top 1 Among the 10 Largest Retirement Pension Fund Managers Based on 1-Year Returns as of Q1 2021
DC 13.75%, IRP 11.37% Returns Recorded
Company-wide Efforts Focused on Improving Returns Through Professional Pension Asset Management

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 22nd that it ranked first among the top 10 asset holders in both Defined Contribution (DC) and Individual Retirement Pension (IRP) plans based on the one-year publicized return rate of retirement pensions as of the end of the first quarter of this year.

The DC return rate recorded 13.75%, rising 5.85 percentage points from 7.90% in the previous quarter, while the IRP return rate also increased by 4.12 percentage points from 7.25% to 11.37%.

Among the top 10 asset holders, Mirae Asset Securities was the only company to exceed a 10% return rate in both DC and IRP, achieving first place in DC and IRP return rates for four consecutive quarters.

The reason Mirae Asset Securities has been able to continuously achieve excellent returns in the DC and IRP individual pension systems is attributed to its online and offline customer management system aimed at improving customer returns. To assist customers who find it difficult to visit branches, the company established a Pension Asset Management Center in 2018 and provides pension customer asset management consultation services remotely (via phone). They regularly conduct portfolio consulting tailored to market conditions for customers.

Customers seeking in-depth consultation can visit branches to receive customized pension asset management through consultations with pension specialists. Additionally, tax consultants from the headquarters’ dedicated department provide advice on tax-saving and pension receipt strategies.

Mirae Asset Securities operates educational programs to enhance the asset management capabilities of Wealth Management (WM) staff to improve pension customers’ returns, and regularly monitors pension asset management status and performs asset rebalancing to ensure thorough return management.

Kim Ki-young, Head of the Pension Solutions Division at Mirae Asset Securities, stated, “Experiencing COVID-19 has increased individual customers’ interest in investment. Customers are increasingly recognizing the need to invest in pensions, which previously received relatively less attention in asset management, and a money move from banks and insurance companies to securities firms is underway.” He added, “As a leading pension business operator, we will take the lead in spreading a sound investment culture and improving pension returns through global asset allocation.”

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