The Bank of Lithuania has found that, at present, almost two-thirds of persons participating in the second pillar save in funds with a risk profile inappropriate for their age.
This inadequacy is a major obstacle to the efficient use of all opportunities that financial markets have to offer, preventing the accumulation of the maximum possible reserve for the future, with an optimum level of risk assumed. The decision to introduce so-called life-cycle pension funds in Lithuania is, therefore, truly welcome.