SEB Index. Climate Future
Third-pillar pension fund
Save for your retirement and benefit from finest conditions in the market. Lowest management fees of III pension pillar fund in Lithuania
More than 15 years left before retirement age
Short-term financial market fluctuations are acceptable. It is understood that higher long-term stock market returns are associated with higher risk
Investments are made into global index funds that follow indices aimed primarily at reducing the carbon footprint or mitigating the adverse effects of climate change
Up to 100% of the fund assets are invested in shares worldwide
Investment strategy
This high risk pension fund is designed to invest its money in passive investment instruments (index funds and funds which units can be bought in stock market) and ensuring to have minimal management fees so the return on investment could stay close to the benchmark. All fund assets are invested in stocks across businesses worldwide (accepting all associated risks it comes with it) to ensure long term return on investment.
Another goal of this fund - contribute towards transition of consuming less CO2 in fintech and reduce investments' negative impact of climate change globally. To make sure this goal is achieved, the fund only invests into businesses which activities reduce CO2 emissions, and so contribute towards long-term climate change goals in the world. This fund also strives for fostering other positive changes in such spheres: environment, society's welfare and positive management factors.
The Fund makes investments into index funds with article 8 or 9 classification. Sustainable investments strategy includes two components: exclusionary screening and positive screening.
„SEB investicijų valdymas“ information about sustainable investment (PDF, LT)
Key information document (LT)
Fund details and results
Information about sustainability (LT)
Management company UAB SEB Investicijų Valdymas
SEB Index. Climate Future
Your pension can fight Climate change
- Fund objective is to reduce carbon footprint and through that reduce climate change related risks and global warming effects
- The fund's total carbon footprint is expected to be at least 30% lower than a regular global equity index
Going forward decarbonization trend should be downward and the fund should have also lower carbon intensity compared to broad investable equity market (3 year rolling average)
Fund costs
| Asset management fee* | 0.39% |
| Contribution fee | none |
| Fund switching fee | none |
| Termination fee** | none |
| Actual fund costs per year | 0.2% |
| Depository fee | ≤0.1% |
*The annual fee is calculated from the average annual value of the funds in the pension account.
For example, if there was EUR 300 in the pension account and the asset management fee is 0.39%, then EUR 1.17 is deducted per year. Since the fee is calculated for each working day assuming that there are 253 working days per year, every day it is 1/253 of the annual fee, i.e. on average, approximately EUR 0.01 every working day.
**No additional contract fees apply, but personal income tax may be deducted from the amount paid out.
Actual expenses, such as securities transaction fees, currency conversion fees and audit costs, are covered from the pension assets. Over the course of the year, these expenses cannot exceed the specified percentage of the value of the assets managed by the pension fund.
Information on the fees applied by other investment management companies is available on this page of the Bank of Lithuania website.
A possibility to get a refund of up to EUR 300 per year
For a tailored calculation for you, please enter your details. Please note that the tax information provided is based on the currently valid regulatory enactments in the field of taxation, which may change over time. The tax result may vary in each case. The calculated values are preliminary and the final amount will be calculated when you submit your tax declaration. In order to receive the refund, you must submit a personal income tax declaration.
By concluding unit-linked or III pillar pension accumulation agreement until 31st December 2024, you will be able to use tax benefit and receive up to 300 euros annually for another 10 years. Tax benefit applies to contributions paid in one year to II and III pillar pension funds contracts and/or unit-linked contracts of no more than 1,500 Eur. Whilst the total amount of expenses cannot exceed 25% of your taxable income per calendar year. Tax benefit will not be applied to unit-linked agreements and/or III pillar pension accumulation contracts from 1st January 2025.
Pillar 3 pension benefits
You become entitled to a pension benefit once you are five years within the established age for old-age pension. You choose the method of disbursing the accumulated funds yourself.
- You can select either a lump-sum payment or periodic payments in the amount of your choice.
- Two years after the commencement of the agreement, you also have the option of withdrawing part of the funds without terminating the agreement, as long as you leave an accumulated amount of at least EUR 500.
You become entitled to a pension benefit once you are five years within the established age for old-age pension. You choose the method of disbursing the accumulated funds yourself.
Why choose SEB for pension accumulation?
Large selection of pension accumulation methods
The accumulated funds are invested by highly qualified investment specialists with many years of experience
Sustainable investment and competitive return on investment
Services that are easy to manage via online banking and valuable expert advice
More about third-pillar funds
Want advice on pension accumulation?
- We will review your financial situation and goals, advise and recommend solutions
The third-pillar pension funds are managed by UAB SEB Investicijų Valdymas.
This information is of a promotional nature and may not be construed as a personal recommendation, instruction or invitation to accumulate funds in the pension funds mentioned here, and may not be the basis or part of any subsequent transaction. Although the content is based on sources that are considered reliable, SEB Bank, the Lithuanian branch of SEB Life and Pension Baltic SE and UAB SEB Investicijų Valdymas are not responsible for any inaccuracies or losses that may occur if investment decisions are made on the basis of this information.
The pension accumulation company does not guarantee the profitability of the pension funds. By accumulating funds in a third-pillar pension fund, you are assuming the risk of return on investment. Future results may differ from previous results. The value of an investment can go up or down. You may get back less than you have invested.
You are responsible for your investment decisions, so before taking them, you should read the detailed information as well as the investment strategy and rules of the selected pension fund, and, on your own or with the help of consultants, assess the risk that in the event of inflation, changes in exchange rates or market interest rates, or certain events beyond the control of SEB Investicijų Valdymas, the value of your investment may decrease.
Administration fees are charged for pension accumulation. Information on the fees applied by all pension accumulation companies is available on the Bank of Lithuania website.
