Life cycle funds

Accumulate for your future more conveniently and receive a bigger amount

  • No worries. Having chosen a fund according to your birth year once, you will be able to accumulate in it until your pensionable age.
  • Bigger accumulated amount. For these funds is applied the asset administration fee 0.65% in 2020.
  • Simple monitoring. You will always be able to see the accumulated amount, contributions and other relevant information in your Internet Bank.
  • It is easy to start. You can conclude a new agreement or execute the transfer from another pension company by logging to the Internet Bank.

“Swedbank” life cycle fund (1982-1988) is among the top three pension funds of Central and Eastern Europe.

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Investment strategy of the Life Cycle Pension Fund Pension 1996-2002

  • The investment risk of the fund is gradually reduced with regard to the age of the participants of the fund. The aim of the fund is to accumulate maximum amount of the pension assets before the retirement date.
  • The strategic share of risk assets (for example, market shares, alternative investments) is dynamically reduced down from 90% at the beginning of the accumulation period to 15% at the end of the accumulation period, thus achieving the optimum investment results throughout the whole accumulation period.
  • Bearing in mind the situation in the financial markets and its prospects, the share of risk assets can be increased or reduced within a 10% limit. At the beginning of the accumulation the share of risk assets may vary from 80% to 100%, and at the end of the accumulation period – from 5% to 25%.

This fund is for you, if:

Fund name
Pension 1996-2002
Launch date
2018 03 01
Fund size (2020-04-01):
14 160 198.93 EUR
NAV at1   2020 04 01
0.9629   EUR
NAV 1 change
-0.0350   EUR   (-3.51%);

Performance chart

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Benchmark (xls)

Benchmark index – a statistical indicator consisting of one or more universally adopted and widely used indices of financial instruments formulated by independent persons to reflect changes in certain markets or parts thereof. In calculating the total value of the benchmark index, a change in the value of each index (return) is calculated separately.

The benchmark index graph shows recalculated values, i.e. the unit value and the benchmark index value is recalculated on a single basis, the initial values are equated to 100.00. Benchmark index values are calculated as of 01.03.2018.

The benchmark index composition takes into account the investment strategy set forth in the pension fund rules. Benchmark indexes illustrate the strategic distribution of pension fund assets both geographically and by instrument group. This will facilitate understanding and assessment of investment risk by the participants of pension funds. Since the fund investment strategy is changing depending on the participants’ life cycle, the future benchmark index composition has been envisaged respectively.

The benchmark index is valid as of 01.01.2019.

1NAV - a conventional measure of the value of pension assets of a participant in a pension fund. The NAV is determined by dividing the difference between the pension fund's pension asset value and long- and short-term financial liabilities (except liabilities to the participants in the pension fund) by the number of units in circulation. Such calculation is made at the end of each business day.

Please note that any past results do not guarantee results in the future. The value of investments may rise or fall. You may receive less than you have invested.