INVL Asset Management, one of Lithuania’s leading asset management companies, is expanding the options for supplementary pension accumulation. On 14 May the Bank of Lithuania approved updated rules for the supplementary voluntary accumulation (3rd pillar) pension funds which the company operates. Based on those rules, in light of people’s differing savings needs, effective 14 June INVL Asset Management will offer the possibility of accumulating in two types of 3rd pillar pension funds.
Employer contributions to a 3rd pillar pension fund would motivate a full 50% of people in Lithuania, and this type of added benefit would be valued most by those who earn most and are most highly educated. That was shown by a representative survey of Lithuanian residents conducted for INVL Asset Management, one of the country’s leading asset management companies, by Spinter Tyrimai in February 2018.