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Retirement Pension Platform : PensionClear
Based on joint efforts with the retirement pension industry, the KSD established PensionClear, which is a standardized retirement pension platform, with an aim to support the government's policy of revitalizing the retirement pension market and to improve its efficiency.
PensionClear is a comprehensive retirement pension platform which is low-cost and highly efficient, designed for the entire process of back-office operations on the management of pension reserves in a standardized and automated manner.
PensionClear was launched in a phased approach, partially offered to some participants in December 2015 and then eventually opened to the entire industry in June 2016.
A total of 46 companies (14 banks / 17 insurance companies / 13 securities companies / 2 other institutions)
FSC 'Regulations on Retirement Pensions' [§14-2] and FSS 'Code of Best Practice for Retirement Pension Business' [Chapter VI §3③]
(Management support service) Support the message exchange on management instructions between the institution that manages pension assets and the pension fund custodian via a standardized and automated method, and record & manage processed results.
(Product trading service) Support the message exchange on product trading between the pension fund custodian and the institution that buy or sell financial products via a standardized and automated method, and record & manage processed results.