Regarding the management of pension funds entrusted by companies, while life insurance giant Dai-ichi Life will reduce the investment interest rate promised to companies next year against the backdrop of low global interest rates, Nippon Life will maintain the interest rate at least for the entire next year. It was decided that the correspondence would be divided.
Life insurance companies entrust their pension funds to management, but interest rates have fallen due to monetary easing around the world in response to the new coronavirus, and the operating environment has become even more difficult.
Dai-ichi Life, a major company, has already decided to reduce the "planned interest rate" promised to client companies by managing defined benefit pension funds from the current 1.25% to 0.25% from October next year. I will.
Meanwhile, the industry's largest company, Nippon Life, has decided to maintain the current 1.25% for at least the next fiscal year, considering the impact on about 5,000 companies that have signed contracts on the 17th.
Regarding the planned interest rate for defined benefit corporate pension plans, we have decided to leave "Meiji Yasuda Life" and "Sumitomo Life" unchanged, and the immediate response will be divided among each company.