Hana Securities said on Feb. 5 it ranked No. 1 among securities firms in returns on non-principal-protected individual retirement pension (IRP) accounts.
According to the Financial Supervisory Service’s Integrated Pension Portal, Hana Securities’ one-year IRP return stood at 21.01 percent as of the end of the fourth quarter of last year, the highest among securities firms.
Long-term returns on defined contribution (DC) plans also ranked first in the industry, with 8.55 percent over seven years and 6.34 percent over 10 years.
Hana Securities’ IRP grew 46 percent from a year earlier, with accumulated assets increasing by more than 200 billion won last year. It was also selected as a top 10 percent provider for four consecutive years in the non-principal-protected return performance category in the retirement pension provider evaluation conducted annually by the Ministry of Employment and Labor.
"In pension management, the most important things are stability and sustainable returns," Minjeong Cha (차민정), head of Hana Securities’ Pension Strategy Unit, said. "We will continue to strengthen returns through differentiated pension management services and system upgrades," she said.