3rd Pillar Pensions | Luminor
3rd Pillar Pensions oppening and servicening
SERVICELuminor Progressive Pension Plan, price Luminor Balanced Pension Plan, price
Agreement conclusionFree of chargeFree of charge
Change of pension planFree of chargeFree of charge
Change of pension fundFree of chargeFree of charge
Capital costFree of chargeFree of charge
Deductions for the pension fund (from each deposit)*0 %0 %
Deductions for the Financial and Capital Market Commission (from each deposit)* 0 %0 %
Commission fee for annual average assets of pension plan**
For pension fund JSC Luminor Latvia Open Pension Fund 0.75% in year from average assets 0.75% in year from average assets
For funds manager IPAS Luminor Pensions Latvia 1.6% in year from average assets1.1% in year from average assets
For assets custody bank Luminor (Latvia) 0.07% in year from average assets0.07% in year from average assets

* Starting from 1st of November 2018 deductions for Financial and Capital Market Commission are covered by Pension Fund.
** Fees from the annual average assets are calculated and deducted each business day.