Effective from September 14, 2024
Investment policy – Pension plan Luminor Future 50-55 in Latvian
Investment policy – Pension plan Luminor Future 55+ in Latvian
Investment policy – Pension plan Luminor Sustainable future 16-50 in Latvian
Effective from February 29, 2024 until September 13, 2024
Investment policy – Pension plan Luminor Future 50-55 (previous name – Luminor Progressive pension plan) in Latvian
Investment policy – Pension plan Luminor Future 55+ (previous name – Luminor Balanced pension plan) in Latvian
Investment policy – Pension plan Luminor Sustainable future 16-50 index (previous name - Luminor index pension plan Sustainable Future) in Latvian
Valid until February 28, 2024
Investment policy – Luminor Progressive pension plan
Investment policy – Luminor Balanced pension plan
Investment policy – Luminor Index Pension Plan Sustainable future
Effective from September 14, 2024
Prospect – Pension plan Luminor Future 55+ in Latvian
Prospect – Pension plan Luminor Future 50-55 in Latvian
Prospect – Pension plan Luminor Sustainable future 16-50 index in Latvian
Effective from February 29, 2024 until September 13, 2024
Prospect – Pension plan Luminor Future 55+ (previous name – Luminor Balanced pension plan) in Latvian
Prospect – Pension plan Luminor Future 50-55 (previous name – Luminor Progressive pension plan) in Latvian
Prospect – Pension plan Luminor Sustainable future 16-50 index (previous name - Luminor index pension plan Sustainable Future) in Latvian
Valid until February 28, 2024
Prospectus - Luminor Progressive pension plan
Prospectus - Luminor Balanced pension plan
Prospectus – Luminor Index Pension Plan Sustainable future
Information related to all pension and investment plans:
Statement on integration of sustainability risks into investment process
Transparency of investments underlying pension plans
Information on how remuneration policy is consistent with the integration of sustainability risks
Summary of the Sustainable Investment Due Diligence policies
Principal Adverse Impacts Statement (PAIS) from 26.05.2021
Principal Adverse Impacts Statement (PAIS) from 29.12.2021
Principal Adverse Impacts Statement (PAIS) from 30.06.2023
Information related to pension plan Luminor Sustainable future 16-50 index:
Information, that shall be provided on the web page (Article 10, Sustainable Finance Disclosure Regulations, SFDR)
Pre-contractual disclosure for the financial products (referred to in Article 8, paragraphs 1, 2 and 2a, of Regulation (EU) 2019/2088 and Article 6, first paragraph, of Regulation (EU) 2020/852)
The accumulated supplementary pension capital is available for disbursement upon reaching the age of 55
However, it is possible to continue participating in the pension plan and increase the amount of supplementary pension capital until the desired age. The supplementary pension capital is available for participants prior reaching the age of 55 in the following situations:
The accumulated supplementary pension capital can be withdrawn all at once or in installments
After full accumulated capital withdrawal, you can continue contributing and saving or terminate the Individual participation agreement.
There are several ways to apply for accumulated supplementary pension capital
The minimum amount of partial capital disbursement is 50 EUR. The disbursement will be done within 10 working days.
Information on taxes and the sequence of capital disbursement
You can withdraw the contributions for which you have used the personal income tax refund in the calendar year after the following year, so that the recovered tax amount does not have to be returned to the state. For example, if you made the contribution in 2020, received tax refund in 2021, you can withdraw this contribution in 2022.
In accordance with the Law “On Personal Income Tax”, personal income tax is deducted at the time of payment by the Pension fund:
In case of disbursement of the part of accumulated pension capital, the payment is made in the following order:
Accumulated supplementary pension capital withdrawal methodology in Latvian
Egagement policy on behalf of Luminor Latvijas atklātais pensiju fonds is executed by Luminor Asset Management IPAS in accordance with the requirements set out in the Funds Management Agreement.
Engagement Policy in Latvian
Asset Manager's Report on execution of Engagement Policy from 01.07.2020 to 30.06.2021 in Latvian
Asset Manager's Report on execution of Engagement Policy from 01.07.2021 to 30.06.2022 in Latvian
Asset Manager's Report on execution of Engagement Policy from 01.07.2022 to 30.06.20223 in Latvian
Management company is obliged to act honestly, fairly and professionally in accordance with the best interests of the customers, therefore any fees or commission provided by any third party to the Management company in relation to investment management or administration activities, except fees which enable or are necessary for the provision of the relevant management or administration service, including custody costs, settlement and exchange fees, regulatory levies or legal fees, and which, by their nature, cannot give rise to conflicts with the management company’s duties to act honestly, fairly and professionally in accordance with the best interests of the customers, are always returned to pension funds. Management company does not receive any non-monetary benefits in relation to investment management and administration activities. The Management company undertakes to disclose additional information about fees or commission upon a separate request of the customer.
Pension plans` performance