Samsung Asset Management Holds Industry's First 'Retirement Pension IPS Seminar'

[Asia Economy Reporter Hwang Yoon-joo] Samsung Asset Management held the industry's first 'Retirement Pension IPS Seminar' targeting corporate retirement pension managers.

Samsung Asset Management announced on the 23rd that it completed the 'Retirement Pension IPS Seminar' with over 50 corporate fund management officers from more than 30 companies at the Chosun Palace Hotel in Gangnam-gu, Seoul.

This event was organized to share Samsung Asset Management's retirement pension IPS consulting cases and differentiated management know-how with companies that are considering the direction of retirement pension management, following the mandatory implementation of the amendment to the Employee Retirement Benefit Security Act in April, which requires companies to prepare an Investment Policy Statement (IPS) and establish an operation committee. As the largest asset management company in Korea, Samsung Asset Management has led OCIO management of public and private funds such as pension funds for about 20 years, cultivating expertise in pension management over a long period.

The seminar consisted of three lecture programs: ▲Understanding IPS, explaining IPS-related cases and issues; ▲Retirement Pension OCIO Solutions, learning the IPS establishment process and how to write the components of the IPS standard based on Samsung Asset Management's IPS consulting and DB asset allocation solution cases; and ▲Customized OCIO Portfolio, learning how to utilize customized OCIO portfolios when composing DB-type retirement pension funds in the future. The speakers included Professor Lee Jae-hyun from Soongsil University’s Department of Finance, Senior Researcher Choi Yoon-ho from Samsung Asset Management’s Investment Strategy Team, and Fund Manager Kwon Soon-gil from Samsung Asset Management.

A corporate officer who participated in the seminar said, "This seminar, where asset management experts in the pension OCIO field directly shared ongoing retirement pension IPS cases and management know-how, was an opportunity to enhance understanding of the retirement pension system and gain practical help regarding the introduction of IPS as a related officer."

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