International Internet Magazine. Baltic States news & analytics
Thursday, 27.10.2016, 15:43
The 2016 Pension Sustainability Index compiled by German insurance company Allianz shows the pension system of Latvia as the seventh most sustainable in the world, followed by the pension system of Estonia in eighth place, writes LETA/BNS.
Keyword tags: Analytics, Baltic, EU – Baltic States, Financial Services, Funds, Pensioners, Rating
– The Estonian Financial Supervision Authority on Oct. 10 registered the terms and conditions of Birdeye Timber Fund 2, an Estonian real estate investment fund investing in forest land that has Estonian pension funds of Swedbank and pension funds of LHV as anchor investors, reports LETA/BNS.
All plans in Latvia's government-funded pension scheme showed positive yield at the end of September 2016, according to publicly available information on the government-funded pension plans, reports LETA.
The Lithuanian parliament on June 29th gave its final green light to start in 2017 a reform of the pay-as-you-go social security system that provides for introducing a ceiling on social insurance contributions and for using state budget funds to pay basic pensions, informs LETA/BNS.
The global capital market turmoil caused by Britain's decision to leave the European Union is unlikely to prompt Lithuanian pension funds to revise their strategies in the near term, the president of the Lithuanian Investment and Pension Funds' Association said on June 27th, cites LETA/BNS.
Commissioner Jonathan Hill responded to modern issues concerning deepening of the single market, building a Capital Markets Union, and supporting strong pensions market in Europe. At the “Pensions Europe Conference”, he claimed that the number of retired people will double in the near future and that pension funds can strengthen EU financial sector.
AS LHV Varahaldus, asset management subsidiary of AS LHV Group, bought Danske Capital AS for 10.92 million euros, LHV told the stock exchange, informs LETA/BNS.