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[Alpha Biz=(Chicago) Reporter Paul Lee] As the retirement pension pre-designation management system (default option) takes effect on the 12th, competition in the financial investment industry over the "300 trillion won retirement pension market" is expected to intensify.
In particular, the amount of retirement pensions introduced through default option products surpassed KRW 90 billion as of the end of the second quarter of this year, marking a steep increase from the previous quarter.
The default option is a system that allows workers to automatically operate their reserves in a pre-set operating method if they do not decide on a financial product to manage their retirement pension reserves.
It was introduced in July last year, but it took effect on the same day after a one-year grace period considering the period required to approve products, change regulations, and establish a computer network.
According to the top six securities firms (Mirae Asset, Korea Investment, NH Investment, Samsung, Hana, and KB Securities) in terms of capital total, the amount of retirement pension flowing into each company's default option products in the second quarter was about 92.25 billion won.
This is an increase of about 84% from the first quarter (50.15 billion won).
Currently, large companies sell 7∼10 default option products with portfolio concepts made by combining various deposits, installment savings and fund products.
However, it is estimated that a large portion of the funds have flowed into the ultra-low-risk product group, which focuses on deposits and installment savings.
AlphaBIZ 폴 리(hoondork1977@alphabiz.co.kr)
