A variety of pension saving strategies are currently used around the world. Often, pension fund participants simply select a fund based on their preferred level of risk (high equity exposure, medium equity exposure, low equity exposure or conservative) and never change that decision. But research shows that type of saving strategy over the long term reduces a person’s chances of accumulating a larger amount of money for retirement and increases the risk that, as retirement age nears, the value of the capital they’ve accumulated could drop significantly due to financial market volatility.

That’s why many scholars and practitioners stress the necessity of establishing life-cycle pension funds, where the riskiness of the investment strategy changes automatically in light of participants’ age.

Pension funds, which have operated in Lithuania since 2004, have until now been managed on the basis of a static investment strategy, with some investing in shares, others in bonds, and still others in both asset classes. As of 2019, though, when the latest pension fund reform takes effect, 2nd pillar funds will operate on a life-cycle basis and their participants will no longer have to worry about changing the investment strategy.

That means the younger funds’ participants are, the more their investments will be directed to equity – which make it possible to earn the most of the long term even though their value fluctuates the most – and the older they are, the more their investments will go to less risk bonds which enable the protection of assets that have been accumulated. The funds will change their investment proportions automatically, in keeping with participants’ age.

New life-cycle pension funds will be established by management companies by 20 December 2018. People until now accumulating in 2nd pillar funds will be transferred to those funds on the basis of their age. Those who want to change the pension fund they are been assigned will be able to do so by submitting a request to the pension accumulation company.

Meanwhile, 3rd pillar pension funds will continue to operate on the basis of a static investment strategy.

When choosing pension funds, we recommend that they correspond to your age.

What is your age?

Recommendations for accumulation in 2nd pillar pension funds are made on the basis of the funds operating prior to 20 December 2018.

We recommend choosing pension funds which allocate up to 100 per cent of investments to equity. Share prices sometimes fluctuate and that can cause losses over the short term. Such changes reflect these funds’ greater short-term volatility, but in the long term the investments are usually profitable.

Read more about 2nd pillar pension funds here.

Read more about 3rd pillar pension funds here.


We’ve been managing pension funds ever since the first ones were established in Lithuania in 2004. The experience we’ve built up in the process allows us to offer clients a professional approach. We’re convinced that what’s made the expansion of our pension fund activity so successful is above all the attention we give to the needs of each client, along with these strengths:

  • Age-based asset management: We seek to offer the most suitable pension fund by adhering to the life-cycle pension fund concept, dividing up investment risk across the different stages of life.
  • Constant analysis: In an effort to ensure the best risk-return ratio, we constantly analyse changing market conditions and the potential of the most attractive investments.
  • Attention to the clients: Our clients get e-mailed statements regarding the assets accumulated in their pension accounts four times a year, and they can review that information on the INVL self-service portal whenever it’s convenient for them.
  • Some of the lowest fees: We’re the only pension fund management company that doesn’t charge a fee for switching a 2nd pillar pension fund to a pension fund at another company. Our fees for administering 2nd pillar pension funds are also among the lowest in the market. The lower the administration fees, the more money goes for your pension savings.
  • Exceptional long-term results: For the most recent 5 year period, INVL’s pension funds were the best performers in most pension fund categories in terms of the return they earned, and for the last 10 years were the best in all categories, excluding life-cycle funds (as per the pension fund results reported by the Bank of Lithuania for three quarters of 2018).

We invite you to save for retirement in INVL's 2nd and 3rd pillar pension funds.

More information

If you have questions or want to know more about pension funds, call us at +370 700 55959 or write to us at

You can enter a pension accumulation agreement electronically with a qualified mobile signature.

More information about the investing strategies of INVL pension funds is provided in the pension funds’ rules.

Here you can fund reports and reviews.

Useful information and links:

Responsible and thorough consideration is called for when choosing a pension fund. Before signing a pension accumulation agreement for saving in 2nd and/or 3rd pillar pension funds, you should examine the investment-related risks as well as the applicable deductions, and carefully read the pension fund rules which are an integral part of the pension accumulation agreement.

Investments in 2nd and 3rd pillar pension funds entail investment risk. The value of a pension fund unit can both rise and fall, and you may recover less than you invested. The past results of a pension fund do not guarantee the same kind of results and return in the future. The results of a previous period are not a reliable indicator of future results. You are responsible for your own investment decisions as regards pension accumulation. Before making a decision to invest, you should personally or with the help of investment consultants assess all the risks associated with investing.

We remind you that for 2nd pillar pension accumulation participants, the state social insurance old-age pension for the period prior to 31 December 2018 is proportionately reduced as established by law, except for persons participating in pension accumulation prior to 31 December 2018 who between 1 January 2019 and 30 June 2019 exercise the right to terminate pension accumulation and return the accumulated money to Sodra – reduction of the state social insurance age-old pension will not apply to such persons. The Sodra pension will not be reduced for those participating in 2nd pillar pension accumulation as of 2019. The old-age pension is not reduced with regard to the state’s added contribution.

All the information provided is of a promotional nature and cannot be construed as a recommendation, offer or invitation to accumulate savings in pension funds managed by INVL Asset Management. The information provided cannot be the basis for any subsequently concluded agreement. Although this information of a promotional nature is based on sources which are considered to be reliable, INVL Asset Management is not responsible for inaccuracies or changes in the information, or for losses that may come about when investments are based on this information.