3rd Pillar Pensions | Luminor

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Why take half, when you can have it all?

3rd Pillar Pensions

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:

  • Up to 75% of the assets are invested into equities, namely – stocks and other similar means of investment. The remainder will be invested in fixed-income financial instruments: bonds, deposits of credit institutions. 
  • Such investment strategy is suitable for the individuals who expect potentially high return and can accept significant asset fluctuations. This is a pension plan with very dynamic investment strategy. 

Balanced Pension Plan:

  • Up to 25% of the assets are invested into equities, namely – stocks and other similar means of investment. The remainder will be invested in fixed-income financial instruments: bonds, deposits of credit institutions. 
  • This investment strategy is suited to individuals, who are looking for relatively safe and stable, but modest return. 

Annual Reports

To start saving in Pension Fund:

1

Apply

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

2

Make a transfer

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

3

Create a standing order

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

Useful links

Managers reports 2019
 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
 The procedure for handling of customers’ complaints
Luminor 3rd Pillar Pensions: unit values, performance, charts
 Luminor 3rd Pillar Pension Participation Agreement

Luminor 3rd pillar pension plans are administered by Latvijas atklātais pensiju fonds, reg. No. 40103331798, Krišjāņa Valdemāra iela 62, Riga, 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.

Disclaimer

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.