International Internet Magazine. Baltic States news & analytics
Tuesday, 03.05.2016, 15:29
The assets of pension plans under the government-funded or second-pillar pension scheme in Latvia grew by EUR 73 million in the first quarter of 2016 to EUR 2.4 billion at the end of March, the Finance and Capital Market Commission (FCMC) said, cites LETA.
Keyword tags: Analytics, Financial Services, Funds, Latvia, Legislation, Pensioners
A group of Estonian investors is setting up a new pension fund, Tuleva, which would operate as an index fund and therefore allow the management fees to be kept low, the weekly Eesti Ekspress reports, cites LETA/BNS.
Pegging pension capital index to national economy fluctuations doesn’t constitute violation of human rights in Latvia22.04.2016
Pegging pension capital index to fluctuations in the national economy does not constitute a violation of human rights, the Constitutional Court in Latvia has concluded in reviewing a case on updating pension capital, following Harmony and For Latvia From The Heart parties' protest against applying negative coefficient to part of pensions, informs LETA.
The Estonian government is set to endorse on Thursday 1.057 as the value of the index of state pensions for 2016, which means that pensions will rise by 5.7% on average from April 1, 2016, informs LETA/BNS.
Latvian Saeima Social and Employment Matters Committee today approved amendments to the Law on State Pensions to be reviewed by Saeima in the final reading, which stipulate higher indexing of pensions from 2017, informs LETA.
Even though residents of Estonia are better prepared for retirement than people in Latvia and Lithuania, more than 70% of Estonians don't believe that the present pension system is sustainable, it appears from the Baltic Retirement Readiness Index Survey based on a poll taken by TNS, cites LETA.
Saeima in Latvia on March 3rd passed in the first reading draft amendments to the law of state pensions providing for steeper pension indexation in 2017, informs LETA.