KB Kookmin Bank announced that it was selected as an “excellent case” of the retirement pension business at a meeting of retirement pension providers hosted by the Ministry of Employment and Labor.
The 2022 Retirement Pension Providers Meeting was held in Dec. 21, at Lotte Hotel in Jung-gu, Seoul.
In attendance were Minister of Employment and Labor Lee Jung-sik, Financial Supervisory Service Governor Lee Bok-hyun, Financial Services Commission Vice Chairman Kim So-young, KB Kookmin Bank President Lee Jae-keun and those from major retirement pension providers.
KB Kookmin Bank has been striving to serve as a partner for workers and customers throughout their retirement years by going beyond selling simple pension products.
In order to prepare a pre-designated management system product that combines profitability and stability, a survey was conducted on about 3,400 people and a portfolio centered on excellent funds was set up based on the results of 5,400 simulations for each economic phase.
In addition, it operates the KB Golden Life Center, an offline counseling center specializing in retirement and old age, for individual customers, and provides comprehensive counseling services for retirement asset management including retirement pensions and personal pensions, national pensions, health insurance, tax and real estate.
Since July 2020, professional consultants with more than 10 years of private banking (PB) experience have been placed in 14 locations nationwide to provide customer-oriented, customized counseling based on extensive expertise.
KB Kookmin Bank also introduced consulting and outsourced chief investment officer (OCIO) services for reserve fund management plans based on liability driven investment (LDI) for corporate customers in line with the mandatory establishment of a DB-type reserve fund management committee in April.
Through a simulation analysis of retirement pension assets/debts using a self-developed KB-IPS system, the target rate of a return is set at a level suitable for the customers.
Based on analysis results, KB Kookmin Bank provides top-notch accumulated funds management consulting as experts at KB Financial Group establish optimal asset allocation solutions.
“We will actively support the management of pension assets for our customers’ retirement years and establish ourselves as a lifelong financial partner for the people,” a KB Kookmin Bank official said.
“The amount of retirement pensions that remain at financial institutions is in the hundreds of billions of won because workers have not been able to claim retirement pension due to their company closure,” KB Kookmin Bank President Lee said in a meeting with reporters held on the day.
Lee suggested that the government and financial institutions work together to develop an application and spearhead a campaign to find unclaimed retirement pensions.
Launch of Health Coaching Notification Talk
KB Kookmin Bank announced on Feb. 10 that it launched Health Coaching Notification Talk, a free health management service, in the KakaoTalk Service.
Health Coaching Notification Talk is a service that delivers coaching information on 14 diseases or lifestyles that require systematic management through the KakaoTalk Service every week.
Advice is provided every week on the prevention and treatment of diseases such as cancer, cardiovascular diseases, metabolic syndromes, high blood pressure, diabetes, and liver diseases apart from daily health care tips such as how to stop smoking, sobriety, obesity prevention, menopause, and stress.
Health Coaching Notification Talk can be requested free of charge on KB Golden Life-X, a platform operated by KB Kookmin Bank.
A smartwatch and coffee coupon gift event will be held until the end of March for customers who apply for the service to mark the launch of the service.
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