“Luminor Asset Management”, the investment management company of the “Luminor Bank” group, has created a new second-level active investment pension plan “Luminor 16-48”, as well as changed the names of some of the previous pension plans, according to “manapensija.lv”.
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“Luminor 16-48” investment plan envisages investing up to 100% of assets in securities – company shares and other similar types of investments.
On the other hand, the name change of some of the previous pension plans was implemented in order to make it easier for the citizens to choose a pension plan and to promote the maximum use of the opportunities provided by the financial markets when creating savings for retirement. The new names reflect the age group for whom the investment plan is the most suitable choice in terms of risk and return.
Among them, the name of the active investment plan “Luminor progressive” was changed to “Luminor 48-53”, and the name of the active investment plan “Luminor active” was changed to “Luminor 53-58”. At the same time, the name of the balanced investment plan “Luminor balanced” was changed to “Luminor 58+”, and the name of the conservative investment plan “Luminor conservative” was changed to “Luminor 62-65”.
According to the company’s explanation, more than half of the population has not chosen an age-appropriate investment plan – mainly young people and pre-retirement age residents.
“Luminor Asset Management” also offers the active investment plan “Luminor Index Investment Plan – Sustainable Future”.
The sole shareholder of Luminor Asset Management is Luminor Bank.
At the beginning of January 2019, the cross-border merger of “Luminor Bank” operating in the Baltic States was completed, with the bank continuing to operate with the central office in Estonia and branches in Latvia and Lithuania. The bank’s strategic investor is the US investment company “Blackstone”.
2023-06-30 12:10:20
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