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We cut costs and Tuleva fees are dropping again!
Starting February 27, fees for all Tuleva funds have dropped to 0.28%. We lower our fees as soon as possible — whenever we can cover the costs of fund management at a lower rate. This time, the reduction was made possible by switching our depositary bank, which allowed us to lower our expenses. Investing is…
How do we use membership fees?
Membership fees are used to develop the Association and to represent the interests of members. The fees of our first members were used to raise the fund’s initial capital, introduce Tuleva to the general public, and make preparations to start the fund, including application for an activity license from the Financial Inspectorate. From this point forward, membership fees will be used for the following activities:
- Membership community management and communication
- Development of Tuleva’s web page, blog, and other informational channels
- The creation of proposals and influence analysis to improve the Estonian pension system, in cooperation with the Ministry of Finance and other state organizations
- Development of Tuleva’s IT systems
- Preparation and analysis of voluntary savings products and Third Pillar options