Everyone benefits from Tuleva, but only members earn a membership bonus, which increases their share in the membership capital of our mutual company. Who are Tuleva members and what are their rights? When you save for your pension with Tuleva, you’re part of our community. Everyone in Estonia can save with Tuleva – membership isn’t…

* This article is for those people with a deeper appreciation for securities market theory. If you would simply like to decide which pension fund is suitable for you, you can jump directly to the end. Suitable background music for reading is available here. Today’s Luddites are not textile workers, but rather white-collar investment bankers,…

A little more than a year ago, on the 12 April 2016, 22 people each contributed EUR 150 and, in the presence of a notary, signed memorandums of association for Tuleva Tulundusühistu. One month ago, we started up Estonia’s most affordable second pillar pension funds. The time has come to write down the most important…

Part II: What is a risk and why market fluctuations are not the pension savers’ enemy? In Part I of the Chapter, we discussed real-life scenarios which show that, in one way or another, investment is risky, as is life. Even the most brilliant analyst can only hope that his predictions will come true. This…

Part I: Practice I will answer the question raised in the title in Part II of this Chapter. In Part II, we will also discuss theory. But let me first sketch out three pension-related scenes from real life. The first story is bit ahead of its time, but as topical as the second and third….

Does LHV’s pension fund really beat the index? Lies, damn lies and statistics, they say. Did you know that the first known written source of the saying actually concerned pensions? June 1891, UK daily The National Observer: July 2016, Estonia, LHV financial portal: LHV’s Joel Kukemelk informed customersthat LHV’s pension fund L has succeeded in…

As you sow, so shall you reap, they say. As you measure, so shall you reap, say the business managers. The fact that the performance pay of fund managers depends on the measure applied, the value of which remains questionable to investors, is a problem evident around the world. Chapter one emphasised that it is…