On the basis of competition / day

Recently, there has been a certain pressure to invest pension funds in the Latvian market and in the financial instruments available to us. 20-30% (currently below 10%) are mentioned, which should be channeled from the second and third pillar pensions to investments in Latvia. Although all parties agree that it would be good to invest more in Latvia, it must be on the basics of competition. If you want to force something to do at all costs, someone will have to pay this price. At the moment, Latvian banks are supervised by the concerns that it may have to be paid to the members of the pension plan, and the Central Bank is looking so that the desire to develop Latvia is not at the expense of future pensioners. Yes, it has to be done by the state, but not the future pensions of its own citizens.

« Private investment is prohibited by a profession standard and the State Funded Pension Law. The government can make recommendations or set limits to reduce risks but not regulate where to invest. For example, some countries have recommendations to invest in sustainable. Alphinox Partner Julia Bistrov.

Does not heat the local economy

It is clear that in Latvia the government wants to increase private investment in the economy and would also like pension money to remain here rather than heating the economies of other countries. Pension money is widely invested in capital markets around the world – it offers both opportunities and risks. Evija Dundure, Head of the Bank of Latvia Insurance and Pension Supervision Department, notes that pension funds would never have earned so much if they were invested only in Latvia and available here