Mirae Asset Securities Ranks First in IRP Returns Among Major Retirement Pension Providers as of Q3 End

IRP Yield of 7.55% Over the Past Year as of Q3 End... Ranked No.1 Among Retirement Pension Providers with Over 1 Trillion KRW in Reserves
Retirement Pension Reserves Increase by 2.3 Trillion KRW This Year... Largest Growth Among All Retirement Pension Providers

[Asia Economy Reporter Song Hwajeong] Mirae Asset Securities announced on the 26th that as of the end of the third quarter this year, it ranked first in the 1-year publicized return rate of retirement pensions among 31 operators with reserves exceeding 1 trillion KRW, recording a 7.55% return rate for Individual Retirement Pension (IRP). Only three operators, including Mirae Asset Securities, recorded IRP returns exceeding 7% among all operators.

Mirae Asset Securities also achieved an excellent performance with a Defined Contribution (DC) return rate of 8.12%, ranking second among operators with reserves exceeding 1 trillion KRW. Notably, among the top 10 large operators by reserves, it ranked first in both DC and IRP return rates. It has been ranked first in both systems for six consecutive quarters.

Based on the outstanding returns of retirement pensions, as of the end of the third quarter, Mirae Asset Securities recorded the largest increase in reserves among all retirement pension operators, ranking first. The cumulative increase in retirement pension reserves for the third quarter was 2.335 trillion KRW, accounting for 23% of the total market increase.

In particular, the increase in Defined Contribution (DC) and Individual Retirement Pension (IRP), which are personal pensions, exceeded 2.5 trillion KRW. DC increased by 1.1199 trillion KRW, exceeding 25% of the total DC increase, and IRP also increased by 1.4219 trillion KRW.

Mirae Asset Securities is leading the spread of an investment culture through pensions and striving to improve customer returns. It supports reserve fund management by offering a variety of products such as Exchange-Traded Funds (ETF), Target Date Funds (TDF), Target Income Funds (TIF), and REITs, carefully selecting promising investment products to present to customers.

Additionally, it operates a dual online and offline management system for pension customers to provide customized services for each client. Customers who transact at branches receive in-depth consulting from highly skilled experts through regular educational programs, while direct customers who subscribe via mobile can consult on reserve fund management, tax-saving, and withdrawal strategies through the non-face-to-face pension consulting organization, the ‘Pension Asset Management Center.’

Kim Ki-young, Head of the Pension Solutions Division at Mirae Asset Securities, stated, "The money move phenomenon, which has accelerated since COVID-19, is expected to intensify further." He added, "We will strive to contribute to practical retirement preparation by providing successful investment experiences and increasing long-term returns for pension customers through excellent product recommendations and differentiated professional consulting."

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