Profitability of AS BTB Open Pension Fund in January Reached 7.46%
OREANDA-NEWS. On 27 March 2008 was announced, that Profitability of AS “BTB Open Pension Fund” private pension fund or 3rd pillar pensions since beginning of its operation in the pension plan “Future” in January this year reached 7.46%, which is the highest result in the field among all pension plans, in which savings are made in lats.
“Such results were achieved thanks to major company’s experience in management of pension means and right choice of the investment policy. They prove that we are a serious, stable company striving for development,” says Vladislavs Mironovs, managing director of “BTB Open Pension Fund” of “GE Money” group. “At the moment clients’ number of “Future” pension plan exceeds 1000, but “Future Active” – 6. Still, our strategic goal for the year 2008 is doubling the number of clients offering existing and potential clients more favorable conditions for savings creation,” stresses V.Mironovs.
“BTB Open Pension Fund” began its operation in January 2005. Initially it offered only one pension plan - “Future”, in which it was and still is possible to create savings in lats. Though in April 2007 a new pension plan “Future Active” was created, which is pegged to euro and offers more aggressive investment policy, which allows its participants to ensure higher profitability.
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