Lotus Bakeries Korea Adopts ECCK-Kyobo DC Plan

In the morning of November 22, the ECCK met with Mr Roy Kamphuis (Representative Director of Lotus Bakeries Korea) to discuss about the company’s recent adoption of ECCK-Kyobo Umbrella DC Pension Plan. The DC Plan is a new type of pension plan developed by ECCK and Kyobo Life, in which multiple employers/companies can operate their corporate pension plans efficiently at lower fee rates. “I was surprised about how easy the transition was”, said Mr Kamphuis. “With more people joining, the fee goes down. But for me, it was about the simplicity and transparency of the plan.”