Analytics, Estonia, Financial Services, Funds, Investments, Pensioners

For example, just under a half of the 805 respondents did not observe at all the state of their 2nd pension pillar fund. 2nd pillar is the semi-obligatory saving pension system, where the state pays a small percentage of an employee's wages into a pension fund and the employee himself pays another percentage, writes LETA.

While the vast majority of respondents knew which second pillar pension fund they collect their money in, 27% could not answer this question.

The study indicates also that comfort is an important factor in the choice of a pension fund - 36% of respondents prefer to keep their pension assets in the same bank with the rest of their financial affairs.

Also, customers consider the service provider's size and reliability (21% of respondents), also expertise of the fund manager (18% of respondents) and availability of information (14% of respondents) important.

Four out of five people estimate that in old age, savings in the second pillar will not be enough. At the same time, only a third collect or invest money elsewhere than the 2nd pillar.

The most popular way to secure retirement is according to the respondents purchase of real estate. 11% of those surveyed responded so.