SBI Securities iDeCo: Hifumi Nenkin Among 11 Cuts, January 28
SBI Securities iDeCo is set for major changes. On January 28, the broker proposed removing 11 funds, including Hifumi Nenkin, and adding five replacements ahead of the 2026 pension reform. Customers should expect consent procedures around June. We explain what is changing, how iDeCo fund removal may affect your plan, and the actions to take to keep your long-term allocation on track. Use this guide to avoid interruptions and keep tax-advantaged contributions working in yen terms.
Changes coming to the lineup and timing
SBI plans to eliminate 11 products and introduce five alternatives, with Hifumi Nenkin among the cuts. The update was outlined on January 28 in the firm’s notice. Consent requests are expected around June, with further details to follow in account messages. Review the official announcement for scope and schedule: iDeCoの2026年の制度改正に関するお知らせ.
The 2026 pension reform is prompting providers to streamline and refresh product shelves. Lineups are likely shifting toward simpler and lower-cost choices, plus diversified options that fit long-term saving. Investors should not assume like-for-like replacements. Check objectives, risk level, and fees for any new fund before consenting. Expect transitional steps as platforms align with the new rules and service standards.
What this means for your account
If you own Hifumi Nenkin or any fund on the list, watch for messages and forms in your account. SBI Securities iDeCo users will likely need to give consent around June. If you do not respond, contributions could be paused or redirected depending on platform rules. Read all notices, confirm your choices, and keep your iDeCo fund removal from disrupting monthly investing.
Switches can change risk and cost. A replacement fund may hold different assets, regions, or factor tilts. That can raise tracking error versus your plan. Fee gaps also affect outcomes over decades. Large outflows from popular products can create short-term flows across managers, though long-term discipline matters more. Recheck your target stock-bond mix after any mandated switch.
Steps to take before consent requests
Export your latest statements and list every iDeCo position. Flag any fund slated for removal and note its weight in your portfolio. Compare each proposed alternative’s objective and benchmark with your plan. If you auto-rebalance, confirm the rules still match your risk tolerance and retirement age. Write down a simple action plan to avoid last-minute choices.
When options open, choose replacements that fit your long-term mix. Many savers prefer broad global index or target-date funds for simplicity and cost. If you used Hifumi Nenkin for active exposure, decide how much active risk you still want. See third-party coverage for context: SBI証券の「iDeCo」加入者は要注意！. Then set a one-time rebalance to restore your target weights.
Tax, cash management, and contributions
iDeCo contributions are income-tax deductible in Japan, and gains are tax-deferred. Try to keep monthly payments steady in yen even during lineup changes. If a fund is removed, act quickly so contributions do not sit in cash for long. Limits vary by employment type, so confirm your ceiling and aim for a level you can sustain every month.
Check trust fees and other costs for any new fund. A small fee cut compounds over decades. Review settlement timing so switches do not leave you out of the market longer than needed. If you hold cash temporarily, set a date to reinvest. Keep documentation of consent and trades for your records and future audits.
Final Thoughts
SBI Securities iDeCo is entering a transition phase tied to the 2026 pension reform. Eleven funds, including Hifumi Nenkin, are slated for removal, with five additions planned. The key is to stay ahead of the consent process expected around June. Before that window opens, map which positions are affected, preselect suitable replacements, and prepare a simple rebalance to restore your target mix. Keep contributions steady, minimize time in cash, and monitor fees and risk. By taking these steps now, you protect tax benefits, reduce performance drift, and keep your retirement plan in Japan on a stable, long-term path.
FAQs
Why is Hifumi Nenkin being removed from SBI Securities iDeCo?
SBI is refreshing its lineup ahead of the 2026 pension reform, which pushes providers to streamline product sets and improve long-term suitability. Lineup changes focus on simpler and lower-cost options. That means some active funds, including Hifumi Nenkin, are scheduled for removal. Review the official notice and compare any proposed alternatives before you consent.
What happens if I ignore the consent request in June?
If you do nothing, contributions could be paused or redirected, and positions might be switched according to platform rules. That may create time in cash, drift from your target mix, or higher costs. Read account messages, submit consent on time, and set a one-time rebalance to keep your plan on track.
How should I pick a replacement fund after iDeCo fund removal?
Start with your target stock-bond mix and time horizon. Compare each candidate’s objective, benchmark, and fee to see if it fits your plan. Many savers choose broad global index or target-date funds for simplicity. If you want active exposure, size it modestly and monitor tracking versus your goal.
Will these changes affect tax benefits or contribution limits?
No. The lineup shift does not change the iDeCo tax deduction or annual limits. Those depend on your employment type and policy rules, not specific funds. What can change is your portfolio’s risk and cost. Keep contributions steady in yen and reinvest promptly if any position is moved to cash.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
