Samsung Life Insurance said on the 31st that as of the end of the third quarter this year, the 1-year returns of its individual (IRP) retirement pension products (principal-and-interest-guaranteed and non-guaranteed) ranked No. 1 among the top 10 providers by retirement pension assets.
According to the Financial Supervisory Service's comparative disclosure of retirement pension providers, the management return over the past year for Samsung Life Insurance's IRP principal-and-interest-guaranteed products was 3.86%. The 1-year return on non-guaranteed products also came in at 16.92%, up more than 10 percentage points from the prior quarter (6.87%). Both are the highest figures among the top 10 companies by retirement pension assets.
During the same period, the 1-year return of Samsung Life Insurance's defined-contribution (DC) retirement pension was also solid. The DC principal-and-interest-guaranteed products posted 3.72%, and the non-guaranteed products posted 18.01%, far exceeding the overall industry averages, including banks and securities firms.
With the implementation of the retirement pension default option and in-kind transfer systems boosting interest in DC and IRP returns, Samsung Life Insurance has demonstrated management capabilities across both principal-and-interest-guaranteed and non-guaranteed products. Behind these results are cited a strong product lineup and a customer-tailored management system, including close support from a dedicated retirement pension organization.
Because retirement pensions are long-term financial products to prepare for post-retirement life, investment strategies tailored to market conditions and steady management are important. Samsung Life Insurance, through online and offline consultations with experts, proposes products suited to each customer's investment profile and is working to manage stable returns.
It is also strengthening product competitiveness by introducing retirement pension-only funds with low management fees that can enhance the effects of long-term investing. In May, reflecting the characteristics of domestic investors and using a life-cycle asset allocation program (Glide Path), it launched the "Practical TDF" series, which diversifies investments into global flagship asset ETFs in line with the retirement timeline.
A Samsung Life Insurance official said, "In line with an era of extended youth, we are helping customers manage retirement pensions from a long-term perspective so they can stably plan their second act," adding, "We will continue striving to provide differentiated products and services."