Lee Jun-yong, vice chairman of Mirae Asset Global Investments, said on the 15th, "Innovation in the retirement pension market must lead to effective revenue management beyond competition over the size of accumulated funds."
The vice chairman attended a press conference commemorating the launch of the retirement pension-specific robo-advisor "M-ROBO" held by Mirae Asset Global Investments at the FKI Conference Center in Yeouido, Seoul, and noted, "M-ROBO is a platform that combines Mirae Asset's artificial intelligence (AI) capabilities with its investment philosophy."
M-ROBO is the first retirement pension-specific robo-advisor service launched by a domestic comprehensive asset management company. It is an AI-based pension management solution that automatically designs optimized portfolios by comprehensively analyzing investors' age, preference, and target revenue, and dynamically rebalances the portfolio according to market changes.
Mirae Asset Global Investments introduced that M-ROBO goes beyond simply providing model portfolios. The company explained that it is designed to automate effective management of pension accounts by automating substantial investment decisions.
Son Soo-jin, head of the ETF pension marketing division at Mirae Asset Global Investments, commented on the background of M-ROBO's development, saying, "Although the retirement pension market is growing rapidly, most investors feel burdened by direct management or rely only on indirect investments such as target date funds (TDF)," and noted, "There is a lack of strategies targeting what is called the 'medium-involvement customer segment.'"
Lee Chang-heon, head of the robo-advisor operation division at Mirae Asset Global Investments, stated, "M-ROBO dynamically adjusts portfolios based on AI algorithms reflecting investors' risk tolerance, retirement timing, and market trends, and responds flexibly to market changes through automated rebalancing features," adding, "It enhances usability as a mobile-based non-face-to-face service and aims to increase cost efficiency compared to existing fee structures, contributing to improvements in pension revenue."
Mirae Asset Global Investments has partnered with major retirement pension providers, starting with Hana Bank, and including Mirae Asset Securities, KB Kookmin Bank, Industrial Bank of Korea, NongHyup, Shinhan Bank, BNK Gyeongnam Bank, and BNK Busan Bank. Services will be gradually implemented starting this month through each provider's retirement pension platform.
Vice Chairman Lee Jun-yong remarked, "M-ROBO will become a representative solution for the 'Pension 2.0 era,' enabling anyone to easily and systematically manage retirement pensions."
The retirement pension robo-advisor entrusted service automatically generates customized portfolios based on verified algorithms according to investor preferences and directs the management of individual retirement pension (IRP) accumulated funds. In the past, IRP subscribers had to directly instruct the management of their accumulated funds.
The financial authorities designated the retirement pension robo-advisor entrusted service applied for by 17 investment management companies as an innovative financial service to enhance the low revenue of guaranteed principal and interest products in the retirement pension sector last December. After a preparation period, they officially launched the service starting in March of this year.