Second Pension Pillar

If you are a Latvian resident, participation in the second pension pillar enables you to increase your funded pension capital. ABLV Active Investment Plan combines ABLV group long-term experience of managing the funds, substantial expected return with the lowest costs, and contribution to Latvian economy growth.

Active strategy has been chosen for ABLV Active Investment Plan of managing the funds of the second pension pillar, the return under which can exceed the inflation level. Moreover, the investment structure of the plan is flexible, ensuring the most beneficial distribution of investments in accordance with the current economic situation.

The objective of the plan is to preserve and increase the value of your contributions to the investment plan in the long term, by making investments in the financial and capital market. To achieve the objective, at least half of the investment plan funds is invested in fixed-income securities, e.g., government and corporate bonds, which ensure stable increase in the investment plan value and protect it against short-term fluctuations.

The investment plan funds are managed by our affiliate company ABLV Asset Management, IPAS, whereas ABLV Bank, AS is the custodian. The assets of the investment plan are held separately from other assets of the management company.

Benefits of ABLV Active Investment Plan

  • Knowledge and experience. ABLV Asset Management, IPAS is one of the leading investment management companies and has been managing several mutual funds during ten years. As at the middle of 2017, the assets of 11 funds under management exceeded EUR 120 million.
  • Efficiency. Total fee to the management company and custodian bank amounts to 0.72% p.a. Moreover, no performance fee is supposed to be charged under ABLV Active Investment Plan until the end of 2019 at least, while the majority of other pension plans have set the fixed fee to the management company and custodian bank of up to 1% plus the performance fee (charged for capital increase) annually. To ensure efficient management of ABLV Active Investment Plan, shared administrative, technological, and intellectual resources of ABLV group are used, ensuring the highest efficiency with the lowest costs.
  • Development of Latvian economy. Being a Latvian company with local capital, ABLV Asset Management, IPAS takes part in issues of the bonds of local companies and invests in Latvian alternative mutual funds, thus supporting the economy of Latvia.

Subscription to ABLV Active Investment Plan

Any participant of the second pension pillar can subscribe to ABLV Active Investment Plan, and there is no need to be a client of ABLV. The subscription procedure is described below.

  1. Press the button ‘Subscribe to the Plan’ below, and you will be redirected to portal.
  2. Choose the way of authentication, e.g., using ABLV Internetbank.
  3. Confirm your consent to the terms of the electronic service.
  4. Complete the application for choosing or changing the plan of the second pension pillar, selecting ‘ABLV Active Investment Plan’.

Join the plan

For additional information, please contact your private banker or call our 24/7 Client Line at + 371 6777 5555.

  • ABLV Active Investment Plan Profile

    Plan category

    Active investment plan of managing the funds
    of the state funded pension scheme

    Manager of Funds

    ABLV Asset Management, IPAS;
    Jevgenijs Gžibovskis

    Custodian Bank

    ABLV Bank, AS


    KPMG Baltics, SIA

    Date of commencing the operations

    October 2017

    Fixed costs, incl.:

    0.72% (p.a.)

       remuneration to the manager of funds

    0.60% (p.a.)

       remuneration to the custodian bank

    0.12% (p.a.)

    Performance fee (charged for capital increase) not applied until the end of 2019 at least
  • Additional Information

    Description of Latvian pension system, including second pension pillar, can be found at portal, at which information about management companies, investment plans, return, etc. is available.

    Being a participant of the second pension pillar, you can monitor your savings by requesting a statement of the account of the participant of the state funded pension scheme for the desired period.

  • Join ABLV Active Investment Plan

    In terms of management, pension plan is similar to mutual funds, which have been offered by ABLV Asset Management, IPAS during ten years so far.
    • As the company has achieved all strategic targets set in previous years, we decided to use our experience and wide opportunities for managing the capital of the 2nd pension pillar. Since the number of participants of the 2nd pension pillar is growing, pension savings are ‘long’ and ‘calm’ money.

      I have been working in investment business since 1998, whereas since 2000 I have been dealing exactly with management of the clients’ funds. Some of the first mutual funds established by us — ABLV Emerging Markets USD Bond Fund and

    • ABLV Emerging Markets EUR Bond Fund — have been under my management for ten years already. Visible return and trust demonstrated by our clients even in difficult times speak for themselves.

      You are welcome to join ABLV Active Investment Plan, which combines our experience, low fee, and flexible investment structure — the optimum mix for growing your pension capital and improving the well-being after retirement!

    Jevgenijs Gžibovskis

    Deputy Chairman of the Board of ABLV Asset Management, IPAS, ABLV Active Investment Plan manager