III pillar Pension fund Luminor tvari ateitis index

III pillar Pension fund Luminor tvari ateitis index

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

Will not invest into index funds that support companies which are associated with: fossil fuel extraction, production, power generation and reserves, weapons, genetically modified organisms, nuclear power production, 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 choose Luminor tvari ateitis index funds:

  • You don’t need to choose sustainability over profit ​ – our solution provides close-to-market return by investing in 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 tvari ateitis index sustainable business which care of our planet’s wellbeing
  • Being socially responsible is easy – just choose “Luminor tvari ateitis index” pension fund 
Apply to III pillar Luminor tvari ateitis index fund
- Recommended if you are 16–50 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 III pillar pension funds
Consultation on saving for retirement
Pricelist  
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 fossil fuel sector (extraction & production, power generation, reserves) 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, controversial weapons, civilian firearms, nuclear weapons, conventional weapons, alcohol, adult entertainment, gambling, extraction and production of thermal coal mining, (un)convectional oil & gas extraction, thermal coal-based power generation, oil & gas-based power generation, fossil fuel reserves for energy application, thermal coal reserves.
***The index benchmark:
85 % – MSCI WORLD SRI Filtered PAB Index;
15 % – 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