Hana Bank is launching a dedicated consulting service for corporate chief executives and executives that links retirement pensions with tax and post-retirement wealth management.

Hana Bank said on Tuesday it has begun offering a tailored, comprehensive wealth management solution called "C-Level Retirement Pension Dedicated Consulting" that reflects the characteristics of CEOs and executives.

The service was designed to reflect demand from wealthy clients who want advice that combines retirement-time taxes, use of management performance bonuses and post-retirement asset management.

Hana Bank will provide tax and tax-saving advice related to executive severance pay, consulting on retirement pension management and pension payouts, company-tailored retirement pension consulting, and defined contribution retirement pension consulting linked to management performance bonuses. It will also support English-language proposals for foreign CEOs and executives.

For clients who want comprehensive wealth management in addition to retirement pensions, it will offer separate solutions tailored to the size and characteristics of their assets.

It will link services such as financial asset portfolio management and comprehensive consulting for wealthy clients with real estate investment advice, inheritance and gifting and business succession, and inheritance planning using trusts. The bank plans to support both an executive's retirement pension and wealth management as well as consulting on the retirement pension system of the executive's company.

A Hana Bank official said, "Managing a top executive's retirement pension is an area that requires reviewing the system, taxes and post-retirement asset management together," adding, "We will continue to expand pension consulting services tailored to customer characteristics."