NongHyup Financial Group Accelerates Shift to 'Return-Focused' Retirement Pensions, Boosting Pension Competitiveness

NongHyup Financial Group: "Bank Tops in DB, DC, and IRP Retirement Pension Returns"

NH NongHyup Financial Group announced on May 31 that it is pushing forward a transformation into a "return-focused retirement pension financial group" that goes beyond the competition to expand reserves, aiming to take responsibility for customers' actual returns and post-retirement asset management.

NongHyup Financial Group is strengthening its integrated pension finance system that covers all aspects from building and managing pension assets to withdrawals and post-management, by consolidating the core competencies of its banking, securities, and insurance affiliates.

Both the bank and the securities company have consecutively achieved outstanding performance in retirement pension returns. NongHyup Bank is enhancing its competitiveness in retirement pension returns based on a stable asset allocation strategy and the operation of customer-tailored portfolios.

For principal and interest non-guaranteed products, the bank ranked first in the weighted average return among the five major commercial banks for four consecutive quarters. In particular, the "NH All Wonderful Happy Companion Savings & Installment Deposit," a specialized product for pension recipients, is notable for strengthening the actual benefits and transactional convenience for pension customers, thereby supporting stable asset management for retirees.

NH Investment & Securities' digital and AI-based pension asset management service, the robo-advisor product "NH-DNA Retirement Pension Econex," recorded a cumulative return of 106.5% as of the end of March this year.

The group is strengthening a synergy system that connects the customer base of the bank, the investment and management capabilities of the securities company, and the protection functions of the insurance company, and plans to continue expanding customized products and services for pension customers in the future.

A NongHyup Financial Group representative stated, "It is necessary to strengthen our group's competitiveness in retirement pensions in response to the expansion of the retirement pension market and the advent of a super-aged society," and added, "Based on the senior-specialized brand 'NH All Wonderful,' we will expand our unique synergy by offering differentiated services that combine health, lifestyle, and finance."

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