Shinhan Bank on Monday launched the Shinhan SOLMate time deposit for customers aged 50 and over, offering an interest rate of up to 3.1 percent a year. The 12-month product allows deposits from 500,000 won to 300 million won per person. The base rate is 2.9 percent, with up to 0.2 percentage points in preferential rates for meeting pension-related conditions. The bank is also running a prize event for customers depositing 50 million won or more.

Colombia\'s second-largest private pension and retirement fund manager AFP Proteccion is launching a fund that can invest in bitcoin, Cointelegraph reported on Jan. 25. Chief executive Juan David Correa said the product will be available only to qualified investors and accessible after personalised advice assesses an investor\'s risk profile. AFP Proteccion, founded in 1991, manages $55 billion in assets.