Hana Bank Launches the Banking Sector's First 'Retirement Pension ETF'

[Asia Economy Reporter Kiho Sung] Hana Bank announced on the 22nd that it has launched the 'Retirement Pension ETF,' allowing subscribers of defined contribution retirement pensions (DC) and individual retirement pensions (IRP) to invest in exchange-traded funds (ETF) for the first time in the banking sector.

Until now, ETF investments within retirement pensions were only possible through securities firms, but with the introduction of the 'Retirement Pension ETF,' ETF investments through retirement pension accounts are now available at banks as well. Notably, through Hana Bank's smartphone banking app, Hana OneQ, retirement pension assets can be easily rebalanced into ETFs, deposits, funds, and more. Additionally, there are no extra fees incurred for ETF investments, just like at securities firms.

Hana Bank offers various portfolios considering investment period and risk appetite to improve long-term returns, the goal of pension asset management, including ▲model portfolios by type ▲TDF ▲robo-advisor ‘HiRobo.’ Furthermore, the Hana Bank Pension Customer Management Center operates a ‘tax consultation service’ via phone and a ‘face-to-face consulting service’ where pension experts visit customers directly to manage their retirement assets. Through these diverse channels, customers can receive retirement pension asset management services aimed at improving returns.

Kim Misook, head of Hana Bank’s Pension Business Division, stated, “With the launch of the Retirement Pension ETF, it has become possible to construct diverse retirement pension portfolios and manage returns,” adding, “We will strive to become the number one retirement pension bank that rewards customers with better returns.”

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