According to data released by the Association, the performance metrics for different levels of retirement savings reveal varying returns year-to-date. Specifically, second-tier pension funds reported an average weighted return of 9%, while third-tier funds achieved a higher average weighted return of 10.4%. In terms of accumulated capital, the second-tier funds are estimated to have amassed 6.8 billion euros, with the third-tier funds holding approximately 663 million euros.
Vidas Rūkas, head of the LIPFA, commented on these figures, suggesting that the results indicate the ongoing stability of the overall pension system, even following recent structural reforms implemented this year. Rūkas stated that the operational continuity of the funds remains intact despite the withdrawal of some participants. The analysis further noted that fund managers are adhering to established long-term investment strategies.
These sustained strategies are reported to ensure that participants’ assets continue to be invested and generate value. The data suggests that the investment mechanisms across both the second and third tier levels are functioning according to established financial models, providing insight into the current health and investment activity within the national pension landscape.
Topics: #funds #pension #tier
