2012-03-06
The Board of the Bank of Lithuania voted to approve amendments to the rules for pension funds Pensija 1, Pensija 2, Pensija 3, Pensija 4 and Pensija 5 (for accumulation of a part of social contributions) managed by UAB Swedbank investicijų valdymas. The decision was made on the requests submitted by UAB Swedbank investicijų valdymas on 6 January and 14 February 2012.
In the rules for the pension fund Pensija 2, the maximum allowed investment share has been increased from 20 to 30 per cent of net assets of the fund. In the rules for the pension fund Pensija 3, the maximum allowed investment share was increased from 40 to 50 per cent of net assets of the fund. Also, adjustments were made to the net asset calculation procedure, and the procedure for submitting an annual letter to the participants, etc. All participants will be notified of the amendments in person.