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Estonia’s LHV closes money market fund, to focus on pension funds
Estonia has highest average monthly retirement pension in Baltics

2002

207,200 people have joined funded pension system
100,000 people have joined funded pension
60,000 people have joined funded pension system
Estonian CSD launched pension index
The Financial Supervisory Authority hopes to register pension funds before the end of May 2002

Estonian CSD opened Funded Pension website – Pensionikeskus

04.03.02

On March 4, the Estonian Central Depository for Securities in co-operation with the Ministry of Finance opened a public website Pensionikeskus for introducing the funded pension of Estonia at the address www.pensionikeskus.ee.

The website provides answers to the main questions related to the pension system, focusing on the funded pension or the so-called “second pillar” of the pension system.

The website will also provide information about all competing funded pension funds. Information about pension funds will be published on current basis immediately after registration of the funds and fund rules by the Financial Supervisory Authority.

From 1st May of 2002 it will be possible to make choices of pension funds and submit subscription applications through the website.