As discussions gain pace on introducing fund-based retirement pensions, Hana Bank is preparing for possible changes by benchmarking pension market practices in Australia and the UK. The bank said it visited retirement pension funds and asset managers in the two countries to review governance, asset management and member administration systems. It is sharing the findings within Hana Financial Group and considering how to apply them to Korea’s system.

Lower-cost AI models are increasingly influencing corporate spending on high-end offerings from Anthropic and OpenAI, a Financial Times report said, citing Ramp’s analysis of spending data from 70,000 companies. Anthropic’s top-tier Fable 5 accounted for about 11 percent of spending on Anthropic tools more than two months after launch. Analysts cited price and sufficient performance of older models. The shift may affect frontier AI developers investing billions of dollars in larger models.