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[Alpha Biz=(Chicago) Reporter Kim Jisun] Korea Investment & Securities announced on the 13th that its pension asset reserves exceeded KRW 15 trillion.
As of the end of last month, Korea Investment & Securities' pension asset reserves reached 15.196 trillion won. Among them, retirement pension reserves amounted to KRW 12.1012 trillion and personal pensions amounted to KRW 3.948 trillion.
Retirement pension reserves, which exceeded 10 trillion won at the end of last year, have attracted an additional 1.3099 trillion won over the next 11 months. By type, defined contribution (DC) and individual retirement pension (IRP) reserves increased by 21.6% and 34.4%, respectively, accounting for most of the increase.
With the full-fledged application of the default option (pre-designated system) this year, the proportion of investment in performance-dividend products through retirement pension accounts also increased from 27.2% to 30.6%. For DC and IRP accounts directly operated by subscribers, 50.2% invested in performance-dividend products such as beneficiary securities, ETFs and bonds.
The sale of bonds through retirement pension accounts was also brisk. Direct trading of over-the-counter bonds, which began in April last year for DC and IRP subscribers, recorded 666.1 billion won in sales this year.
Meanwhile, Korea Investment & Securities is holding various events for pension customers. Department store gift certificates will be paid according to the amount of personal pension and IRP accounts ahead of the year-end settlement season. Free operating and asset management fees are also provided when trading ETF and REITs products through IRP.
Alphabiz Reporter Kim Jisun(stockmk2020@alphabiz.co.kr)
