Ant Financial unit plans ahead

Tech firm's wealth management channel soon to offer target-date retirement funds

Ant Financial Services Group has invited some younger residents to address their pension options through its wealth management service, just one week after the country's target-date retirement funds received the green light from securities regulators.

The financial technology giant announced on Tuesday that the first batch of target pension funds offered by 14 asset managers will become available through Ant Fortune, Ant Financial's wealth management channel, as people look for diversified savings options beyond the unified national pension system.