Fubon Hyundai Life Selected as Excellent Retirement Pension Operator in 2022
On the 23rd, Fubon Hyundai Life announced that it was selected as the "2022 Excellent Retirement Pension Operator" and received a special award at the regular general meeting of the Retirement Pension Development Council held at the 63 Building in Yeouido. Kwon Ki-seop, Vice Minister of Employment and Labor (third from the left), Lee Jae-won, President of Fubon Hyundai Life (first from the left). Photo by XXX
View original image[Asia Economy Reporter Changhwan Lee] Fubon Hyundai Life announced on the 24th that it was selected for a special award and received the Minister of Employment and Labor Award in the '2022 Excellent Retirement Pension Providers Evaluation' announced by the Ministry of Employment and Labor.
The Excellent Retirement Pension Providers Evaluation has been conducted annually since 2018 by the government to provide relevant information to guarantee the choice of retirement pension providers for retirement pension subscribers, while also encouraging healthy competition among retirement pension providers.
In the '2022 Excellent Retirement Pension Providers Evaluation,' Fubon Hyundai Life significantly improved its capabilities compared to the previous year in the areas of fund management capability, organizational and service capability, and fee efficiency, earning the special award.
To strengthen its capabilities in managing retirement pension funds, Fubon Hyundai Life introduced an asset allocation system based on Asset-Liability Management (ALM) and increased professionalism and objectivity by allowing external experts to participate in product selection and management decision-making.
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Jaewon Lee, CEO of Fubon Hyundai Life, stated, “We will do our best to ensure safe asset management to secure retirement income for retirement pension subscribers,” adding, “We will continuously develop services that allow easy and convenient access to information related to retirement pensions to reliably protect our customers’ retirement.”
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