Luminor 3rd pillar pension funds
Consultation on saving for retirement
Examples of accumulation for the supplementary pension
Accumulation by your employer for your supplementary pension
Don’t know what to do?
Saving in pension funds incurs investing risk, which means that investments may rise or drop in value, and the return may be smaller than the investment. The closer to the retirement age you are, the more conservative the pension fund you should choose. If investment in a foreign currency is made into financial instruments, exchange rate changes may affect the return on investment. Luminor Investment Management does not guarantee the return on investment, the profitability of pension funds or the amounts of annuities to be paid. Past results of pension funds do not guarantee future results. Before deciding on supplementary retirement savings in Luminor savings funds, read the rules of the pension funds, deductions applied, investment strategy, and risk factors. Pension funds are managed by Luminor investicijų valdymas UAB, company code 226299280.
* Pension fund invests its assets only in equity index funds that in invest in companies with higher-than-average scores in Environmental, Social and Governance (ESG) ratings, exclude companies that are involved in business activities associated with negative environmental or social impact. In addition, investments in the fossil fuel sector and companies involved in controversial activities are excluded or as a minimum significantly reduced. By applying exclusion criteria and investing only in companies with strong ESG ratings pension plan investments constitute only the best 25% of the broad market universe in terms of ESG performance. ESG rating is designed to measure a company’s resilience to long-term, industry-material ESG risks. The rules-based methodology is used to identify industry leaders and laggards according to their exposure to ESG risks and how well they manage those risks relative to peers (source: msci.com).
** Tobacco, alcohol, adult entertainment, gambling, extraction and production of Thermal Coal Mining, (un)conventional Gas Extraction, Thermal Coal-Based Power Generation, Oil & Gas-based Power Generation, Fossil Fuel Reserves for energy.
***The index benchmark:
75 % – MSCI WORLD SRI Filtered PAB Index;
25 % – MSCI EM SRI Filtered PAB Index.*
*On 1st of March 2022 MSCI Inc. changed MSCI World SRI Filtered ex Fossil Fuels Index name to MSCI WORLD SRI Filtered PAB Index, and MSCI EM SRI Filtered ex Fossil Fuels Index name to MSCI EM SRI Filtered PAB Index