Pension fund
Property management fee*
Management enterprise switching fee*
Pension 1996-2002
0,4%
0,05 %
Pension 1989-1995
0,4 %
0,05 %
Pension 1982-1988
0,4 %
0,05 %
Pension 1975-1981
0,4 %
0,05 %
Pension 1968-1974
0,4 %
0,05 %
Pension 1968-1974
0,4 %
0,05 %
Pension 1954-1960
0,4 %
0,05 %
Asset preservation pension fund
0,2 %
0,05 %
The fund switching fee within the management enterprise is free of charge in all “Swedbank” pension funds.
* Annual fee calculated each working day on the average annual value of the funds accumulated in the fund, thus reducing the unit value of the pension fund.
** Calculated from the value of accumulated funds transferred to another pension fund enterprise.
More detailed information is available in the Rules of the Pension Fund and the Investment Strategy Document .
Your pension power
Investing II and III pillar funds we prioritize businesses that create a greener environment and a higher quality of life for all. When selecting funds, we prioritize those with higher sustainability indicators. Today, we focus on the following topics:
Reducing CO2 emissions
Your investments encourage companies to reduce emissions and transform businesses into more sustainable ones.
Read more
Climate solutions
Investing in renewable energy, forest planting and maintenance, green building or energy efficiency improvement solutions.
Read more
Local investments
By investing in local businesses, you help them grow, innovate and strengthen the regional economy.
Read more
Progressive society
You contribute to the protection of health, the development of new technologies and the improvement of the quality of life.
Read more
Reducing CO2 emissions
Reducing CO2 emissions is one of the most important goals of the whole world and of ours. Your funds are invested in companies that aim to reduce carbon dioxide emissions in their operations.
Such companies are usually more innovative, efficient, and profitable as they are looking for more sustainable ways to use energy, water, production materials or recycle waste.
The intensity of issues in our investment portfolio is 48 tons and is almost 3 times lower than the market average, which is 135 tons .
CO2 intensity*
* Tons CO2e/$M sales (Source: MSCI; September 2023)
Climate solutions
By investing in climate solutions, you are promoting the growth of the renewable energy sector, planting forests, building climate-friendly buildings or contributing to the development of energy efficiency solutions.
The value of investments in Baltic countries' companies*:
* €100 million to renewable energy
* €46 million to green buildings
* €24 million to forestry
These investments not only reduce climate change, but also support the development of innovative technologies, create green jobs and strengthen the economy.
* Based on Swedbank evaluation as of September 2023
Local investments
We are the largest local investor among pension fund management companies in Lithuania.
€180 million* - this is the value of Swedbank pension funds' investments in the development of Lithuanian business.
€345 million* - allocated to all three business markets of the Baltic States.
Your funds contribute not only to the growth of mature companies but also to the carefully selected startups, in which we invest through alternative investment funds. Here are a few of them:
Ignitis - renewable energy
Enefit Green - renewable energy
Baltic Green Fund - forest fund
Bestair & Zave Group (Livonia Partners) - heat pumps and renewable energy products
Startup PVCase (Practica Capital) - solar park design software
* Data as of September 2023
Progressive society
The value of pension funds' investments in the health and technology sector amounts to about 650 million euros*.
By investing in the healthcare sector , you are contributing to the development of pharmaceuticals, biotechnology, healthcare equipment and technologies (e.g., medicines, medical equipment, diagnostics, etc.).
The information technology sector contributes not only to a more comfortable everyday life (e.g., robotics, the Internet of Things), but also to reducing emissions, since digital solutions can reduce global emissions by up to 20%. (Source: World Economic Forum).
*Data as of September 2023
Sustainability
Sustainability in pension saving - what is it?
By choosing to invest in Swedbank pension funds, you are contributing to responsible business promotion and growth. By investing the assets of pension funds, we aim to build a financially stable and sustainable society and reduce our environmental impact.
High ESG standards
The ESG rating is one of the most important criteria when choosing investments for pension funds. It assesses the risks to companies in the areas of environmental (E), social sustainability (S) and good governance (G), which can have a material impact on their financial performance. We give priority to companies with high ESG ratings.
Why does it matter?
ESG-focused companies have sustainability strategies and often have better operational efficiency, lower staff turnover, innovation, retained talent, lower compliance costs and good risk management. All of this can also lead to higher returns.
CO2 emissions
Pollution, waste
Energy consumption
Water consumption
Consumption of other resources
Employee health and well-being
Fair remuneration
Human rights and equal opportunities
Product safety
Value for communities
Business ethics
Transparency
Anti-corruption
Accountability
Data protection
Clear structure
Our ESG rating is one of the highest!
According to global rating agency MSCI ESG Ratings, our second pillar pension funds have one of the best ESG ratings - AA*.
A high sustainability rating indicates that the majority of pension funds are directed to companies that demonstrate leadership in their field of activity in managing sustainability risks and reducing environmental impacts.
ESG ratings focus on what is material to a company's profit or loss statement.
The higher the rating, the more stable the investments of the pension fund, and investment returns are likely to be higher, as their ESG risk is lower.
* Source: MSCI, 31 March 2023
The each pension fund's ESG rating can be found in the "Monthly Fund Report".
Investment opportunities : We assess sustainability risks in investment decisions. For example, we invest in financial instruments that meet the sustainability criteria, contribute to reducing CO2 emissions, environmental solutions (renewable energy, forests) or green projects (green bonds).
Participation in operations : We cooperate with companies where we directly manage larger holdings or where there are opportunities to set higher sustainability goals. Such participation includes, for example, voting at shareholders' meetings and continuous cooperation with managements of companies.
We do not directly invest in certain areas, such as tobacco, alcohol, fossil fuels, weapon industries, companies that create content for adults. We use the Freedom House index by selecting government bonds – we do not invest in countries where civil rights or democratic principles are systematically violated.
Which area of sustainability would you invest in?
A survey* commissioned by Swedbank showed that more than 20% of the country's population would opt for investments in waste recycling and renewable energy if given the choice of sustainable investment areas.
{ "chart": { "height": 600 }, "xAxis": { "visible": true, "categories": ["Quantity of recycled plastic/electronics", "Quantity of electricity produced from renewable energy sources", "New jobs created", "Amount of new trees planted", "CO2 reduction", "Reduced/cleaned up water used in industrial processes", "Investment in medical research and the development of new products", "Significant investment in the development of local companies", "It's not relevant to me"], "labels": { "useHTML": true, "align": "left", "x": 0, "y": 30 }}, "yAxis": {"min": 0, "max": 50}, "plotOptions": { "series": { "pointWidth": 25 } } }
*The data is based on the results of a Spinter Research survey conducted in October 2023.
Documents and information which are publicated based on the requirements of Regulation (EU) 2019/2088
Of The European Parliament and of The Council on sustainability‐related disclosures in the financial services sector,
can be found
here .