Search results for public pension
Crypto
Bitcoin in retirement savings should not exceed 5 percent, experts recommend
Experts say bitcoin may be viewed as a long-term investment but should take only a small share of retirement assets because volatility and the risk of losses at withdrawal matter most. Industry sentiment is leaning toward limited allocations rather than making bitcoin a core holding. Some firms suggest 1 to 2 percent or 2 to 5 percent, while advisers recommend keeping crypto below 5 percent. Institutions also tend to invest indirectly via regulated spot ETFs or crypto-related companies.
Finance
Korea Post launches \'My All Day\' debit card targeting middle-aged customers
The Ministry of Science and ICT’s Postal Service said it launched the \'Post Office My All Day Debit Card\' on Aug. 18, reflecting key spending patterns of middle-aged customers. The card offers 5 percent cashback in areas such as dining, health, exercise, culture, leisure, travel and shopping, and 10 percent cashback on postal services including postage, EMS and Post Office Shopping. Cashback benefits can total up to 30,000 won a month depending on transaction performance.
Finance
Shinhan Bank to offer additional SOL Mate time deposit up to 3.5 percent
Shinhan Bank will launch an additional sale of its Shinhan SOL Mate time deposit for customers aged 50 and above, offering an annual interest rate of up to 3.5 percent. The bank decided to conduct a fifth special sale worth 300 billion won after the caps for the first to fourth special sales were fully used. The 12-month product offers a base rate of 3.3 percent, with up to 0.2 percentage points in preferential interest.
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Industry
SpaceX early inclusion in Nasdaq 100 hits index funds, but experts say no need to avoid index investing
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Finance
Japan pension fund weighs boosting alternative investments to 5 percent from 1.7 percent
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Finance
Shinhan Bank to sell additional 500 billion won of senior-focused time deposit
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Finance
Hana Bank launches non-face-to-face small loans for public pension recipients
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Finance
KOSPI enters pause as financial sector faces pressure for inclusive finance
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Fintech
Woori Bank expands non-face-to-face changes to public pension payment accounts
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Finance
Shinhan Bank launches second sale of Shinhan SOLmate time deposit
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Crypto
U.S. public pension funds lose nearly 60 percent on Strategy investment
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Finance
Shinhan Bank launches Shinhan SOLMate time deposit for customers aged 50 and over
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Finance
Stablecoin integration accelerates with credit card networks; internet banks target remittances