3rd pillar Pension fund Luminor Sustainable Future Index

3rd pillar Pension fund Luminor Sustainable Future Index

Luminor war the first in Lithuania to launch 3rd pillar pension fund with investments to index funds with the high level of ESG standard*

Pension fund Luminor Sustainable Future Index

Luminor pension fund Sustainable Future Index invests only to index funds that invest in companies that have taken responsibility for implementing the environmental, social and governance related requirements. So that in 10, 20 and 30 years you and the world would live a little better. The future is yours to take care. Make the change by choosing Luminor Sustainable future Index pension fund.

We as a society are responsible on the planet we live in. Society needs to  take more actions towards sustainable thinking and doing. Small things really matter: sorting garbage, using reusable bags and investing in companies who have taken responsibility for a more promising future to all of us. 

You personally can make the change. Small choices you make have large effect on the planet and society to move towards healthier and more sustainable future.

      We will help you to take first steps towards more sustainable future:

      • We have created a low-cost solution of passively managed pension fund;
      • The fund invests in assets you collect for your pension by assuring that the capital will be ​invested only to companies which take responsible actions towards sustainable future; 
      • You may sleep better knowing that your pension money do not contribute to harming ​our planet and the society. ​

      The fund will not invest into companies who are associated with: fossil fuel sector, weapons, genetically modified organism, nuclear power production and etc** 

      The fund is fully invested into index funds with highest ESG intensity*

      The fund will provide the lowest fees among Luminor pension funds – 0.40%

      This fund should be chosen if you have at least 15 years till pension age since the fund invests up to 100% of assets in equities

      Why to choose Luminor Sustainable Future Index funds:

      • You don’t need to choose sustainability over profit ​ – our solution provides close to market return by investing into index funds***  
      • Lowest fees​ 0.4% management fee is the lowest among Luminor pension funds
      • Free from subjective decisions​ – Index funds are based on passive management, which means that your pension investments will invest in index funds
      • ​Make the change towards the benefits of our planet​ by investing in Luminor Sustainable Future Index sustainable business which care of our planet’s wellbeing
      • Being socially responsible is easy – just choose “Luminor Sustainable Future Index” pension fund 
      Apply to 3rd pillar Luminor Sustainable Future Index fund
      - Recommended if you are 18 – 44 years old
      - Potentially high-income yield and possible significant capital fluctuations
      - Passive investments to index funds***
      - up to 100% of the funds are invested in capital markets
       

      Useful links

      Luminor 3rd pillar pension funds
      Consultation on saving for retirement
      Pension calculator 
      Pricelist  
      Examples of accumulation for the supplementary pension 
      Accumulation by your employer for your supplementary pension
      Don’t know what to do? 

      Important!
      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