Shinhan Investment Corp. Launches Default Option Event for Retirement Pensions

Shinhan Investment Corp. announced on the 12th that it will hold a retirement pension default option event to commemorate the full implementation of the default option system for retirement pensions.

The default option system is a system that manages retirement pension funds by automatically investing in a pre-designated product if there are no separate investment instructions when a principal-guaranteed product matures or new funds are deposited. This system helps prevent funds from being left idle and aims to improve returns.

This event will be held until December 31 for individual customers with DC (Defined Contribution) retirement pension accounts and IRP (Individual Retirement Pension) customers of Shinhan Investment Corp. It is available to customers who register a default option product for the first time after applying for the event. Through a lottery, 500 winners will be selected each month to receive one Starbucks Americano coupon. Prizes will be sent out by lottery at the end of the month following the completion of the event application.

However, if a customer has already received event benefits through their retirement pension account this year, the prize is limited to an annual maximum of 30,000 KRW according to Article 16, Paragraph 2 of the Retirement Pension Supervision Regulations, so even if the event conditions are met, winning may be restricted.

Meanwhile, Shinhan Investment Corp.'s default option products consist of a total of 10 types tailored to different investment preferences. The portfolio includes regular deposits, target date funds (TDF), balanced funds (BF), and default option-exclusive funds, allowing customers to choose products according to their diverse needs.

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