Shinhan Financial Investment, IRP 1st Place in Returns for Two Consecutive Quarters

Individual Retirement Pension (IRP) Principal-Not-Guaranteed Product Yield Ranked No. 1

[Image source=Yonhap News]

[Asia Economy Reporter Minji Lee] Shinhan Financial Investment announced on the 18th that, as of the end of the 4th quarter, the one-year return rate of non-principal-guaranteed products in the Individual Retirement Pension (IRP) was the highest among all retirement pension providers.

The one-year return rate for Shinhan Financial Investment's retirement pension IRP-type non-principal-guaranteed products in the 3rd quarter was 15.29% per annum, the highest in the industry, and the one-year return rate in the 4th quarter was also ranked first in the industry at 10.65%, marking the highest return rate for two consecutive quarters.

The Retirement Pension Division of Shinhan Financial Investment avoids decision-making that recommends only short-term promising or principal-guaranteed products and provides a portfolio of funds, ETFs, and REITs that consider both volatility and profitability from a long-term perspective to improve customer returns. As a result of these efforts, the proportion of non-principal-guaranteed reserves among Individual Retirement Pension (IRP) customers increased by 10.34%, from 35.68% last year to 46.02% this year.

Shinhan Financial Investment exempts both management fees and asset management fees for customers who subscribe to individual IRPs through non-face-to-face channels. Additionally, to enable customers to conveniently manage their pension assets, a mobile web service is provided that allows easy and convenient access to retirement pension asset inquiries and financial product transactions without installing an app.

Park Sung-jin, Head of the Retirement Pension Business Division at Shinhan Financial Investment, stated, “Our goal is to focus on managing returns for customers' valuable retirement pension assets and to continuously expand retirement pension products and content to assist customers in managing their retirement funds from a long-term perspective.”

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