Medicinos Bankas launches the sales of pension savings contracts managed by MP Pension Funds Baltic which rank among the top 2nd pillar pension funds in terms of the rate of return. As of today, customers can sign pension savings contracts at the Medicinos Bankas branches in Vilnius region as well as in Utena and Ukmergė. This savings option will shortly be available in other regions as well.
“We wanted to offer a greater number of high-quality savings instruments to our customers and we were very careful in selecting potential partners that are able to maintain a stable, higher-than-market-average return rate. We launched partnership with a company whose investment strategy allows them to ensure that their 2nd pillar pension fund is constantly among the top in the market,” Gintaras Treinys, Chairman of the Board of Medicinos Bankas, said.
Based on its asset holdings and client base, MP Pension Funds Baltic is the fifth largest pension savings company in Lithuania. MP Pension Funds Baltic owned by the asset management company Invalda INVL manages three 2nd pillar pension funds. Based on the annual change in the accounting unit value, MP Extremo II fund became the best pension fund in Lithuania both in 2013 and 2014.
“The aim of our partnership with Medicinos Bankas is to maximize opportunities for our customers to plan their future finances effectively through private fund pension savings. Our main objective is to help ensure that our customers receive a retirement pension amounting to 80 percent of their current or future earnings,” MP Pension Funds Baltic CEO Ramūnas Stankevičius said.
Inspired by the Icelandic savings traditions, the company currently boasts a customer base of 66,000 and an asset portfolio of EUR 113 million, and holds a share of nearly 5 percent of the Lithuanian pension fund market.