Projekti (BVEF) / Projects

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Browsing Projekti (BVEF) / Projects by Author "Dundure, Evija"

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    CHOICE ARCHITECTURE AS A BASIS FOR PENSION SAVINGS DECISIONS
    (University of Latvia, 2022) Dundure, Evija
    The study analyses the findings of behavioural studies in enhancing the amount of private pension savings. The aim of the study is to summarize the findings of the scientific literature in a unified system, which allows to analyse the behavioural theories methods used by countries in facilitating people's decisions in funded private pension savings. The authors look at the process of pension accumulation from the perspective of their three stages of formation and identify the need for investor involvement in each of them. The developed unified system is tested by performing a comparative analysis of the 2nd and 3rd pension pillars in Latvia. It clearly shows the commonalities and differences between the two pillars, as well as the areas in which the methods of behavioural theories can be used.
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    Sales Channels and Media Digitalization Impact on People Voluntary Savings for Retirement
    (2019) Dundure, Evija; Sloka, Biruta
    Due to the implementation of new technologies and orientation on digital solutions the communication and sales channels have changed dramatically. Information and client service on-line availability presents strong advantages for business, state agencies as well as customers. However, lack of personal interaction during the communication and sales process can make it difficult for people to understand and even frustrate their desire for a product or service. The purpose of the research is to analyse the digitalization impact on voluntary savings for retirement in Latvia and make comparisons with other countries. The voluntary pension schemes are the part of pension system and its third pillar created to strengthen and foster sustainability and adequacy of people income level after retirement. Main stakeholders in voluntary savings for retirement are pension funds as well as government agencies carrying out the national pension system policy. Among other motivation factors the people knowledge level about the necessity to participate in third pension level causes their willingness to create voluntary savings. Service providers chosen marketing and governments realized legislation policy impact the level of people engagement in private pensions and make a basis for people retirement period living standards. Research methods used are analysis of scientific publications and previous conducted research, analysis of statistical data and sales and communication channels in Latvia. The results of analyses show the challenges that service providers are facing and steps that should be taken to promote the voluntary savings in a digital era.
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    Voluntary Private Investments Role in Pension System in Latvia
    (Klaipeda University, 2019) Dundure, Evija; Sloka, Biruta
    Pension systems have become one of the main priorities for the national governments. Developed countries population is getting older by putting the pressure on the state budgets and work age people tax load. The current pension system in Latvia performs according to regulation of state compulsory unfunded pension scheme since 1996 and regulation of the state funded or accumulated pension scheme since 2001. The third pension system pillar is private voluntary pension schemes realized in form of people contributions into pension funds and life insurance policies. Aim of the research – deeper analyses of voluntary private investments as the pension system part and its development challenges in Latvia. Research methods: scientific publications and previous conducted research analysis; analysis of time series on private pension fund developments in Latvia and comparisons with the situation in other OECD countries. The authors were looking for answer on the question – can voluntary private investments cover the gap between pre-retirement and after-retirement income of population in Latvia and what are the pre-conditions for it.