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LHV: Pension Fund Portfolios for Second-Pillar Savers Have Doubled
Translated from Estonian and summarized by DistantNews. Read the original for the full story.
At a glance
News
Official statement
Context piece
- Estonia marks five years since the first payouts following its pension reform.
- LHV says portfolios of investors who continued contributing to the second pension pillar have grown by more than twofold on average over the period.
- Money withdrawn before retirement has mainly been used for consumption, according to the bank.
Five years have passed since the first payouts from Estonia’s second pension pillar following the pension reform.
LHV said investors who continued saving have seen their portfolios grow by more than twofold on average during that period.
By contrast, money withdrawn from the second pillar before retirement has mainly been used for consumption, the bank said.
About this summary
Originally published by Postimees in Estonian. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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