Hanwha Asset Management "Designate Hanwha LIFEPLUS TDF as Default Option and Receive a Coffee Coupon"

Hanwha Asset Management announced on the 7th that it will hold an event offering a 100% coffee coupon to customers holding DC-type retirement pension or IRP accounts upon participation. Customers who designate a default option (pre-designated management system) portfolio including ‘Hanwha LIFEPLUS TDF’ can receive a Starbucks 10,000 KRW coffee coupon.

Participation is possible by designating a portfolio including ‘Hanwha LIFEPLUS TDF’ in the financial institution’s application where the DC or IRP account is opened and submitting the certification screen. The event will be continuously operated until a separate end date is announced. Detailed information can be found on the Hanwha Asset Management blog.

‘Hanwha LIFEPLUS TDF’ was selected by a total of 20 retirement pension providers at the time of the Ministry of Employment and Labor’s final approval of the default option first implemented in 2022, and was incorporated into 37 portfolios, ranking 2nd among TDFs. The selection criteria included management performance, asset allocation, fees, and appropriateness of portfolio composition, receiving positive evaluations in terms of both stability and profitability.

Additionally, this year it recorded the highest balance growth rate among TDFs included in the default option. As of September 24, Hanwha Asset Management’s TDF balance was approximately 148.2 billion KRW, a 227% increase compared to about 45.2 billion KRW at the beginning of the year. This statistic was compiled for asset management companies with default option TDF assets under management of 10 billion KRW or more based on accumulated funds.

Cha Deok-young, Head of the Pension Solution Business Division, stated, “The reason Hanwha LIFEPLUS TDF continues to achieve good results in terms of default option inclusion is thanks to its long-term stable management performance,” and added, “We hope this event will provide an opportunity to directly experience the solid asset allocation based on the life cycle that Hanwha LIFEPLUS TDF offers.”

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