Estonian pension funds in poor state
Even though the form of Estonian pension funds has been showing signs of recovery lately, a recent report by the OECD suggests the general situation remains poor.
31.10.2016, Tõnis OjaPM
How to become master of your pension fund?
Tõnu Pekk, a founder and board member of commercial association Tuleva says they hope to get documents in order by end of summer, and as soon as €3m is collected from members, application will be files at Financial Supervision Authority to create a new pension fund with low managing costs. For starters, members of the association need to pay €100, and €1,000 more afterwards.
23.05.2016, Tõnis OjaPM
Three banks for sale in Baltics. Maybe more
To the knowledge of Postimees, at least three smaller banks operating on the Baltic market have been for sale for years: Nordea, DNB, and Danske. Trouble is, nobody seems to be too interested.
12.04.2016, Tõnis OjaPM
LHV aiming at pensions market top
Not satisfied with takeover of Danske pension funds, LHV is seeking to keep increasing market share and use pension funds as bait to get fresh clients for the bank.
23.02.2016, Tõnis OjaPM
Chief of Danske: pension investors need not worry
Last year, Danske Bank begun the switch to corporate banking in Baltics and successfully so says its head in Estonia, Ivar Pae.
As related to sale of Danske Bank pension funds to LHV the clients need not worry: the fund will be managed well even during times of transition i.e. as long as the transition is completed, he says.
09.02.2016, Tõnis OjaPM
LHV pension funds entering the big league
With five fund managers currently operating on the pension funds market, it's four soon in all likelihood. To the knowledge of Postimees, Estonian branch of Danske Bank is intending to sell its subsidiary Danske Capital, a pension fund manager. The deal ought to be finalized within a month.
26.01.2016, Tõnis OjaPM
Big pension funds regain market share
With LHV pension funds mightily grabbing market share of late, and those of Nordea a bit less mightily, this past year the biggies Swedbank and SEB have started to snatch it back.
09.04.2015, Tõnis OjaPM
Expert: Estonian pension system is excellent
While we Estonians are very critical towards our second and third pillar pension funds, PensionsEurope CEO Matti Leppälä says the Estonian system is excellent and that Estonia has done better at explaining such funds to people than most countries in Europe.
29.01.2015, Tõnis OjaPM
Tallinn Stock Exchange trapped
With New Year coming soon, 2014 will probably be remembered as historic at Tallinn Stock Exchange – in high likelihood, the turnover will be the smallest ever.
19.11.2014, Tõnis OjaPM
LHV and Nordea lead the pack
Pension funds business blooms. For the second year running, all asset managers are in the black.
12.05.2014, Tõnis OjaPM
Pension funds staff at wage list top
Average salary at Danske Capital is five times the Estonian average, and thrice the average of financial sector.
26.03.2014, Tõnis OjaPM
LHV pension funds supremacy crumbling
«In saving for retirement, it’s the result that matters!» sounds the LHV pension funds slogan – up to now, quite fitting, as for years the LHV bank pensions funds yields have proven the best. As a result, they have bitten off a decent piece of market share. Should last year’s trend continue, however, they’ll have to find themselves a new slogan, as according to results i.e. yields of fund units LHV funds ought to be replaced by some others.
03.01.2014, Tõnis OjaPM
LHV gaining the most clients in pension fund mobility
Pension funds of LHV stand to gain the most in the mobility round of pension plans in Estonia to take effect from Sept. 1, according to tentative information.
Pension funds in lucrative business
Last year, all asset managers involved in pension funds business earned profits, including LHV Varahaldus and Nordea Pension Funds – up to now in the red.
04.06.2013, Tõnis Oja