Good longterm rates of return
Established in 1956
Low cost of operations
Personal pension advisors
Loans
Personal Pension Savings
Lifelong pension
Disability pension
Spouse/partner's pension
Lifelong Pension
With your contributions to LV you earn the right to a lifelong pension with monthly payments that last a lifetime, no matter how long you live.
Financial Protection against illness or death
Protection for you and your loved ones in case of illness or death, which is among the best offered by pension funds. Make comparisons, as there can be significant differences in such benefits between funds.
Personal Pension Savings
Allocate up to 9.5% to personal savings: specified personal savings and personal pension savings.
Long term results
The fund’s 10-year annual nominal return was 8.7% and real return was 4.8% at the end of 2023. Make comparisons because every percent matters significantly in returns over a long time.
Who are our Fund Members?
The fund is open to anyone earning wages or self-employed if they are not obliged to pay into another fund by collective wage agreements.
Our largest group of members are working in business and commerce, office workers, specialists, retail and most service industries. Other major industries are IT and telecoms, finance and insurance, transport, manufacturing, technology and science, real estate and leasing and the hospitality industries.
If you receive wages according to VR union collective wage agreements you are obliged to pay into LV pension fund.
We are the Pension Fund of Commerce
1.
Retail & services
2.
IT & Telecoms
3.
Finance & insurance
4.
Manufacturing
5.
Transport
6.
Technology & Science
7.
Real estate & leasing
8.
Hospitality
Starting to work in Iceland
When you start working in Iceland you must select a pension fund. You can also choose to add contributions to personal pension savings.
Starting to work in Iceland
Moving from Iceland
Find out more about what happens to your pension contributions when you move out of the country, reimbursement options and more.
Moving from Iceland
Frequently Asked Questions
Information on fund membership, contributions and entitlement percentages.
Frequently Asked Questions
Monika Magdalena Jagusiak
advisor
It is very simple to choose LV. When your employer asks which pension fund you want to invest your pension you can tell them to pay into LV or LIVE (Pension Fund of Commerce). You don´t even need an application. You can find your balance and payments in My pages.
