Which second-level pension plans were profitable last year 0 8

In particular, the returns of active investment plans with an equity share of up to 100% ranged from 0.92% to 9.23% over the year.

The return of the only active plan with an equity share of up to 75% was 5.43%, while among plans with an equity share of up to 50%, the returns ranged from 3.29% to 9.09%.

At the beginning of the year, the returns of balanced investment plans were in the range of 2.75% to 6.16%, while conservative plans had returns from 1.86% to 4.71%.

Among active investment plans with an equity share of up to 100%, the highest return was shown by the plan "CBL ilgtspējīgu iespēju ieguldījumu plāns" managed by CBL Asset Management — 9.23%. It is followed by the "CBL indeksu plāns" from the same company (9.02%) and the plan "INVL maksimālais 16+" from INVL Asset Management (7.35%).

The lowest return among these active plans was shown by the "Luminor indeksu ieguldījumu plāns ilgtspējīgā nākotne" from Luminor Asset Management — 0.92%. Next are the "Swedbank ieguldījumu plāns dinamika indekss" from the managing company Swedbank (3.79%) and the "Adaptīvais ieguldījumu plāns Vairo 1990+" from the company Vairo (owned by Indexo) with a return of 3.97%.

Of the 16 active plans with an equity share of up to 100%, 15 have been operating for more than a year.

Among active investment plans with an equity share of up to 50%, the highest return over the year was shown by the "Aktīvais plāns" from CBL Asset Management — 9.09% (previously owned by Signet pensiju pārvalde). This is followed by "INVL ekstra 47+" from INVL Asset Management with a return of 6.72% and "Luminor 53-58" from Luminor Asset Management with 5.55%.

Of the eight active plans with an equity share of up to 50%, seven have been operating for more than a year.

Among five balanced plans, the highest return (6.16%) was shown by "INVL komforts 53+", while among four conservative plans, it was "INVL konservatīvais 58+" (4.71%).

The most popular among all plans of the state-funded pension scheme, as well as among active plans with an equity share of up to 50%, at the beginning of 2026 remained the "Swedbank ieguldījumu plāns Dinamika" — it had 184,113 participants (215,518 at the end of 2024). The annual return of this plan was 3.63%, which is the second lowest among active plans of this type operating for more than a year.

The second most popular was the "1990+" plan from the same managing company Swedbank — at the beginning of the year, it had 125,175 participants (116,263 at the end of 2024), and the return was 6.13%, which is the seventh result among active plans with an equity share of up to 100%. The third most popular was the "Indexo jauda 16–55" plan from the managing company Indexo, which had 99,434 participants (96,284 at the end of 2024), and the return was 6.19%, which is the fifth result in this category.

Latvia has a three-tier pension system. The first level consists of pensions paid to current retirees from collected social contributions. The second level is a funded pension, where part of the social contributions of workers is invested in the financial sector. The third level consists of voluntary contributions to private pension funds.