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Finance

Hana Bank launches C-level pension consulting linking severance, tax and wealth management

Hana Bank is rolling out a dedicated consulting service for corporate CEOs and executives that links retirement pensions with tax advice and post-retirement asset management. The bank said the tailored, comprehensive solution reflects demand from wealthy clients seeking guidance on retirement-time taxes, use of management performance bonuses and wealth planning after retirement. It will also provide executive severance tax planning, pension operation and payout advice, and corporate retirement pension consulting, including English proposals for foreign executives.

Crypto

77 percent of Americans say crypto investing in workplace retirement plans is risky

A majority of Americans view adding cryptocurrencies to workplace retirement plans as risky, a survey by the National Institute on Retirement Security showed. The poll found 77 percent rated crypto investment through employer plans as risky, with 46 percent calling it very risky and 53 percent opposing employers offering crypto as an option. The findings come as U.S. authorities have moved to broaden access to alternative assets in retirement accounts.

Finance

Retirement pension in-kind transfers reach 15.9 trillion won, 5.2 trillion won shifts from banks to securities firms

In-kind transfers of retirement pension assets, which allow subscribers to switch financial firms without redeeming products, have reached 15.9 trillion won about 20 months after launch, data showed. About 5.2 trillion won moved from banks to securities firms, highlighting a shift of money toward brokerages. The Financial Supervisory Service said it launched a task force to improve the service and plans system development and other measures through 2027.