AS INDEXO Bank has introduced a feature in its mobile app that allows all 2nd pillar pension savers to view their personal 2nd pillar pension savings, contributions, and earnings, regardless of whether they are clients of INDEXO or any other 2nd pillar pension manager in Latvia.
This is a significant step towards increasing people’s interest in their pension savings and making information more accessible, as until now, the 2nd pillar pension savings overview was only available on the Latvia.lv portal. A survey conducted by Norstat in collaboration with INDEXO at the end of last year revealed that approximately 50% of employed individuals had not checked their pension savings in the past year and, consequently, may not have been managing one of the largest savings in their lives effectively.
“Take out the winter coat you haven’t worn since last season and find 50 euros in the pocket – a pleasant surprise! The same can happen when you check your 2nd pillar pension savings in the INDEXO mobile app.
Many people are unaware that their pension savings have already reached several thousand euros. However, for some, the reality may be different. Around 60% of Latvia’s residents have chosen 2nd pillar pension plans that are not suitable for their age, thus earning less than they could. This often happens because pension information has not been easily accessible, making it feel less like real money that requires thoughtful management.
INDEXO Bank is the first financial institution to offer a 2nd pillar pension overview in its mobile app, allowing everyone to check it just as easily as their account balance or card transactions. Check your pension savings now – you might be in for a pleasant surprise,” invites Artūrs Roze, Management Board member and Fund manager of IPAS “Indexo”.
In the survey conducted by INDEXO and Norstat in December 2024, 1008 working individuals aged 25 to 60 participated.
