Introduction to Pension Regulation Status and Management Strategies... Hana Bank Retirement Pension Seminar Held

Invited Talk with Kang Bangcheon, Chairman of Asset Plus Asset Management

Kim Ki-seok, Vice President of the Asset Management Group at Hana Bank, is delivering a greeting at the "2022 Hana Bank Retirement Pension Seminar" held at a hotel in Jung-gu, Seoul on the 14th. (Provided by Hana Bank)

[Asia Economy Reporter Minwoo Lee] Hana Bank held an event introducing the current regulations and management strategies related to retirement pensions.

On the 15th, Hana Bank announced that it held the '2022 Hana Bank Retirement Pension Seminar' the previous day at a hotel in Jung-gu, Seoul.

This event was organized to help understand the major amendments, including the introduction method of the default option (pre-designated management system) and the financial products that can be designated, which have been implemented since the 12th following the revision of the Employee Retirement Benefit Security Act. About 200 retirement pension managers from Hana Bank branches located in Seoul and the metropolitan area and companies operating defined contribution (DC) retirement pension systems attended.

Specifically, the seminar introduced Hana Bank's retirement pension asset management strategies, including ▲easy retirement pension management methods through Hana Bank corporate banking ▲target date fund (TDF) products rapidly growing to a net asset size of 10 trillion won ▲ways to utilize the default option tailored to pension management purposes.

There was also a session introducing investment strategies. Chairman Kang Bangcheon of Asset Plus Asset Management held a discussion on 'pension management strategies to overcome the triple challenges of the global investment market: high interest rates, high inflation, and high volatility.'

Kim Kisuk, Vice President of Hana Bank's Asset Management Group, stated, "We will continue to expand various content for systematic pension asset management to provide practical help to our customers."

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