We - Swedbank Ieguldījumu Pārvaldes Sabiedrība AS* - are the largest 2nd pillar pension manager in Latvia: as of end of June 2019, the number of participants of our managed 2nd pillar pension plans exceeded 538,000 and the amount of assets under management was over 1.68 billion euros. We offer to our clients the conservative Swedbank pension asset investment plan Stabilitāte (Stability), the active Swedbank pension asset investment plan Dinamika (Dynamics), as well as active life-cycle funds for broad range of age groups: Swedbank investment plans "1970+", "1980+" and "1990+". We also are managing assets of Swedbank 3rd pillar pension plans. We are the only 2nd pillar pension manager in Latvia who has so wide range of lifecycle plans.
We act as a responsible fund manager and consider the potential long-term impact of our investment decisions on environmental, social and corporate governance factors. We are actively involved in promoting sustainability, calling on companies and investment funds to respect and promote sustainable action. We refrain from direct invetsments in companies that do not comply significantly with the principles of sustainability in their activities.
Our managed pension plans have repeatedly been awarded as the best ones in several categories in Central and Eastern Europe by the Investment and Pensions Europe (IPE). Swedbank's 2nd pillar pension plan Dinamika was recognized by IPE as the best one in Central and Eastern Europe in 2013, 2016 and 2017, whereas in IPE's Real Estate Global Awards 2016 Swedbank's 3rd pillar pension plan Dinamika+60 received an award as the best investor in real estate among Eastern European and several big Western European countries.
We are a subsidiary of Swedbank Robur AB (Sweden), a Swedbank Group company. We manage assets in cooperation with one of the largest asset management companies in the Nordic region Swedbank Robur Fonder, which is active since 1967 and is also a Swedbank Group company. Hence, the 2nd and 3rd pillar pension assets are managed drawing on Swedbank Robur Fonder's vast experience in international markets, combining it with our local market expertise.
- Annual report 2019
- Annual report 2018
- Annual report 2017
- Annual report 2016
- Annual report 2015
- Annual report 2014 (LV)
- Annual report 2013 (LV)
- Annual report 2012 (LV)
- Annual report 2011 (LV)
- Annual report 2010 (LV)
- Annual report 2009 (LV)
- Annual report 2008 (LV)
- Annual report 2007 (LV)
- Annual report 2006 (LV)
- Annual report 2005 (LV)
- Annual report 2004 (LV)
- Annual report 2003 (LV)
- Annual report 2002 (LV)
- Annual report 2001 (LV)
Useful information
- Prospectuses and key information for the plan participants
- Value of pension and investment plans
- Notices
- Wage policy and practice (LV)
- Customer applications and complaints procedure (LV)
- Transaction execution policy
- Responsible investment policy
- Principles for Shareholder Engagement
* Swedbank Ieguldījumu Pārvaldes Sabiedrība AS, unified registration number in the Commercial Register:
40003337582; address: Balasta dambis 15, Riga, LV-1048.
3rd pension pillar – the pension plans offered by the private pension fund Swedbank Atklatais Pensiju Fonds AS, address: Balasta dambis
15, Riga, Latvia: Stability+25, Dynamics+60, Dynamics+100 and Dynamics+USD.
The asset manager for the 2nd and 3rd pension pillar - Swedbank Ieguldijumu Parvaldes Sabiedriba AS, the asset custodian -
Swedbank AS, address: Balasta dambis 15, Riga, LV-1048.
Your 2nd pillar pension savings are managed by Swedbank Ieguldījumu Pārvaldes Sabiedrība AS in cooperation with Swedbank Robur Fonder AB, a Swedbank Group company:
- An experienced team of professionals
- A track record of more than 50 years in the business
- An internationally acclaimed fund manager
Learn more
About switching the plan
You can switch the manager of your 2nd pillar pension investment plan once per calendar year, and the investment plan with your current manager – twice per year. The plan can be switched at the portal latvija.gov.lv:
- Log in to latvija.gov.lv
-
Select “Investment plan”
Important! Go to the end of the list and choose a Swedbank investment plan that's most appropriate for you
- Make sure that Swedbank Ieguldījumu Pārvaldes Sabiedrība AS is selected under “Investment plan asset manager”
- Check the data and press “To submit an application”
- If you’re born after 1 July 1971, you’re automatically a participant in the 2nd pension pillar.
- If you’re born between 2 July 1951 and 1 July 1971, participation in the 2nd pension pillar is voluntary.
Remember:
- You can switch your pension manager once a year.
- You can switch your pension plan twice a year.
Choose or switch 2nd pillar pension plan
When you retire, you can:
- Add the capital accrued in the 1st pension pillar and receive pensions from both pillars together every month.
- Sign a life annuity insurance contract, entrusting the capital accrued in the 2nd pension pillar to an insurance company of your choice, and receive a pension from the 2nd pillar at a fixed regularity.
In both cases, the payout of the requested 2nd pillar pension is guaranteed in a fixed amount until the end of your life.
Good to know! You can designate any person as the beneficiary in the life annuity insurance contract. The beneficiary is paid the life pension payable to the insured person from the date of the insured person's death until the end of the life pension guaranteed payout period.
More information on the payout of 2nd pillar pension capital is available at the State Social Insurance Agency (VSAA).
About inheriting
Yes, the 2nd pillar pension capital is inheritable. Each 2nd pension pillar participant who has not yet claimed their old-age pension can choose one of the three options for using their accrued capital in case the participant dies before attaining the retirement age.
You can choose one of the three options:
- Have the capital transferred to the state pension special budget. The accrued capital will be taken into account in the calculation of the survivor's pension for persons who were the participant's dependants.
- Add the capital to a specific person’s 2nd pillar pension capital.
- Leave the capital as inheritance according as laid down in the Civil Law
Note! If no choice is made, the savings will be transferred to the state pension special budget.
Choose the option for bequeathing your 2nd pillar pension capital that best suits your life situation.
- If you have started working, you can initially choose to leave your 2nd pillar pension capital as inheritance as laid down in the Civil Law, or to bequeath it to a designated person.
- Once you have a family and children, you can choose to have it transferred to the state pension special budget to be taken into account in the calculation of the survivor's pension.
- When the children get older, you can again choose to leave the capital as inheritance according to the procedure laid down in the Civil Law, or to bequeath it to a designated person.
You can change your choice an unlimited number of times on the latvija.gov.lv portal or at the State Social Insurance Agency (VSAA). The VSAA will take the latest choice into account.
Fill out the application
or
- Log in to the portal latvija.gov.lv and go to "Services" > "Application for inheritance of capital accumulated in the 2nd pension pillar".
- Agree to the terms and click on "Request service".
- In the list of services, select “For the inheritance of the accrued capital of 2nd pension pillar”.
- Choose one of the three options.
