Annual corporate interest rate reduced for the first time in 19 years due to the spread of infection Dai-ichi Life October 29, 14:42

Dai-ichi Life, a major life insurance company, has officially announced that it will reduce the interest rate on managing pension funds entrusted to it by companies for the first time in 19 years.

With the spread of the new coronavirus infection, each country is lowering interest rates and the operating environment is becoming harsher, and some companies may need to take measures to reduce the amount of employee pensions received.

Life insurance companies entrust and manage pension funds from companies, but of these, "Dai-ichi Life" will set the investment rate promised to the client company, the "planned interest rate," in October next year. It has officially announced that it will drop 1 point from 1.25% to 0.25%.

The reduction is the first in 19 years.

The target is a "defined benefit type" pension that guarantees future benefits, out of the pensions that companies manage privately apart from the public national pension and welfare pension.

There are about 3,000 companies that have contracts with Dai-ichi Life, and some companies may be forced to take measures such as increasing the premiums and reducing the amount of employees' pensions received in the future. There is sex.

The background is that the operating environment has become even more difficult as central banks in each country have taken steps to ease monetary policy and lowered interest rates due to the spread of the new coronavirus infection.

In the future, similar movements will spread to other insurance companies, which may affect many companies.