The Financial Supervisory Service announced it has revamped the pension savings comparison disclosure system on its Integrated Pension Portal to enable transparent comparison of performance across financial companies that sell and manage pension savings products.
According to the FSS on Thursday, key product information has been available through the Integrated Pension Portal since the fourth quarter of 2024 to enhance convenience for pension product subscribers. Consumers can now compare and select market-tested, high-performing products using accumulated reserves (net asset value in the case of funds) and returns. Fund and exchange-traded fund products now include risk ratings, allowing investors to intuitively assess risk levels and select products matching their investment preferences.
The most significant feature of this revision is the ability to compare return information at a glance across trusts, funds, ETFs, and insurance products based on their respective characteristics. Previously, identical return metrics were applied to all products including trusts, funds, and insurance, which distorted returns by failing to reflect each product's unique characteristics. From the fourth quarter of 2024, return standards tailored to each product type have been applied, improving comparability among products within the same category.
Additional information on ETFs, which are seeing growing investment demand, is now also provided. The Integrated Pension Portal offers product information for ETFs including net asset value, returns, and risk ratings, enabling consumers to compare various products.
Information on accumulated reserves by product distributor and type (trust, fund, insurance) is also now available. Despite accumulated reserves being an important indicator of market preference for distributors, previously only manufacturer-focused information was provided, limiting consumers' ability to compare and select pension savings providers. This revision provides reserve information by product type for each distributor starting from fourth-quarter 2024 data.
An FSS official said, "In the second half of this year, we plan to gather feedback from Integrated Pension Portal users and undertake further revisions to improve accessibility."