Shinhan Securities announced on February 7th that it saw a significant increase in the number of new Individual Retirement Pension (IRP) accounts in 2024. 1  The company reported 18,976 new accounts, a 63% jump from the 11,615 accounts opened in 2023. 1    

This surge in new IRP accounts can be attributed to Shinhan Securities' various initiatives throughout the year. The company held seven IRP-related events, which saw a total of 21,062 customer participations. Among these participants, 6,339 customers, or 30%, actively engaged in transactions such as opening new accounts, transferring existing accounts, and making additional contributions.

The newly opened accounts were predominantly held by individuals in their 30s, who accounted for 31% of the total. Customers in their 40s and 50s made up 26% and 25% of the new account holders, respectively. Individuals in their 20s and 80s combined for the remaining 18%. Notably, retirement funds constituted 58% of the total deposits, highlighting the IRP account's role as a crucial asset management tool for retirement planning among working professionals.

Shinhan Securities has been offering fee waivers for asset and investment management for both in-person and online IRP customers since the first half of last year. The company also provides differentiated services such as VIP pension reports, one-on-one consultations with accountants, informative card news, access to paid information on ETFs available for IRP investment, a simplified online account opening process, and seminars for corporate clients.

Jung Yong-wook, Head of Asset Management at Shinhan Securities, stated, "Our customer-centric policies and service improvements have led to positive results, including new customer acquisition and asset growth." He added, "As a pension service provider, we will continue to strive to provide even better services."

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