[2021 Capital Investment Award] Daishin Securities, Diverse Portfolio... Competitive Asset Management Support System

Daishin Securities Wins Best Award for Retirement Pension

Oh Ik-geun, CEO of Daishin Securities

[Asia Economy Reporter Gong Byung-sun] Daishin Securities won the Grand Prize in the retirement pension category at the ‘2021 Asia Capital Investment Awards’.

The judges evaluated that Daishin Securities has been quick to respond in line with government policy by operating pensions for 15 years, establishing a retirement pension service system, and introducing the Defined Contribution (DC) plan in 2006. They also highly praised the fact that each branch office has one to two pension experts (Pension Guardians) managing customers enrolled in DC-type or Individual Retirement Pension (IRP) plans.

Another strength of Daishin Securities is its competitive operational support system. By holding meetings with the Research Center and Wealth Management (WM) solution teams, they recommend portfolios that consider various asset prices including domestic stock markets, global bonds, commodities, and the US dollar.

As of the third quarter of this year, Daishin Securities ranked second in the securities industry with a 2.48% return on Defined Benefit (DB) plans. The DC plan return was 6.43%, ranking sixth in the securities industry, and the IRP return was 6.42%, ranking seventh. Mid- to long-term returns are also strong. According to the Financial Supervisory Service, as of the end of last year, Daishin Securities’ 3-, 5-, and 7-year DB plan returns were 2.00%, 1.95%, and 2.18%, respectively, placing it in the 4th to 5th ranks in the securities industry. The IRP returns ranked first in the industry with a 3-year average annual return of 3.58%, 5-year 3.24%, and 7-year 2.98% as of the end of last year.

Services for consumers are also a positive factor. In May, they launched a ‘Non-face-to-face Individual Retirement Pension Opening Service’ and established a ‘one-stop service system’ that can meet various needs of subscribers.

The differentiated fee system also contributed to competitiveness. To reduce the cost burden on subscribers and increase returns, management and asset management fees are waived for funds.

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