Pension plan "SEB-EIROPENSIJA" (EUR)
The Pension Plan "SEB-EIROPENSIJA" (Registered in FKTK Licence Register with No.06.04.05.107/34.3. ) has assumed the liabilities of the Pension Plan "EIROPENSIJA" (license No.34, 12.07.2002).
SEB-EIROPENSIJA is a pension plan, where the contributions are received, accumulated, and paid out in EUR. The Plan intends to follow an active and dynamic asset investment strategy, providing a greater earnings potential over time. To realize this strategy total up to 50% of the Plan assets may be invested in shares and other capital securities, and total up to 20% of the Plan assets may be invested in real estate and risk capital market . Other assets of the plan will be invested in secure government, municipal and credit institution time deposits of high quality, thus protecting the Plan assets. The majority of the Plan asset investments will be made in financial instruments issued by the countries and candidate countries of the European Union.
After the euro becomes the currency of Latvia, the pension plan "SEB-EIROPENSIJA" will be merged with "SEB-AKTĪVAIS" (license No.86, 27.02.2004.).
In addition to the investment regulations and limitations of the law "On Private Pension Funds", the Plan has the following asset investment rules (in percentages of the Plan assets):
|
Total fixed income and money market financial instruments |
up to 100% |
|
Total shares and other capital securities |
up to 50% |
|
Total real estate and risk capital market |
up to20% |
A more detailed description of the investment policy of the Pension Plan "SEB-EIROPENSIJA" will be found in the attached fileInvestment Policy of the Pension Plan "SEB-EIROPENSIJA" (.pdf).
SEB Group
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