3rd Pillar Pensions | Luminor

After retirement the guaranteed support will compensate your usual income only partly. Luminor 3rd Pillar Pensions provide the possibility to ensure that your income after retirement does not decrease significantly. Moreover, contributions to a pension fund will qualify for essential tax reliefs already now.

Why is it beneficial to save using the 3rd Pillar Pension plans: 

Progressive Pension Plan:

Balanced Pension Plan:

Annual Reports

To start saving in Pension Fund:



Apply for 3rd Pillar Pension scheme at any Customer Service Center


Make a transfer

Make a transfer to the account specified in the agreement; indicate your individual membership agreement number


Create a standing order

Create a standing order for not to forget to make the pension contributions

Useful links

Managers reports 2020
 Ieguldījumu politika - Luminor Progresīvais pensiju plāns
 Ieguldījumu politika - Luminor Sabalansētais pensiju plāns
 Pensiju prospekts - Luminor Sabalansētais pensiju plāns
 Pensiju prospekts - Luminor Progresīvais pensiju plāns
 Uzkrātā papildpensijas kapitāla aprēķināšanas, izmaksāšanas un pārskaitīšanas noteikumi
Complaints and feedback handling​
Luminor 3rd Pillar Pensions: unit values, performance, charts
 Luminor 3rd Pillar Pension Participation Agreement
 Application for change of pension fund in Latvian
Information in accordance with Article 29 (8) of the Law on Private Pension Funds in Latvian
About Asset management agreement in Latvian

Luminor 3rd pillar pension plans are administered by Latvijas atklātais pensiju fonds, reg. No. 40103331798, Skanstes iela 12, Rīga, LV-1013, and is managed by Luminor Asset Management IPAS, Skanstes iela 12, Rīga, LV-1013. The custodian bank is Luminor Bank AS Latvian branch.


Before choosing the specific pension plan you should consider the following risks:

  • the more investments thereunder are being made into stocks and other instruments comparable to them the more risk of income fluctuation this entails (both to positive and negative direction);
  • historical income results generated by specific pension plans do not guarantee the same results in the future;
  • choose the pension plan with active investment strategy only if you understand the risks it entails and can financially bear them;
  • the closer you are to the retirement age the more conservative pension plan would be the best option for you.
Luminor Latvijas atklātais pensiju fonds AS (hereafter - Pension Fund), informs that pursuant to the Clause 29 subclause (7) of the Law on Private Pension Funds, the engagement policy and votig rights on behalf of Pension Fund implements manager of funds - Luminor Asset Management IPAS, which engagement policy is available here.