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.
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.