ERGO FUNDS AS waived its activity licences
The Financial Supervision Authority fully annulled the activity licences issued to the management company ERGO Funds AS, including the activity licences for the management of mandatory and voluntary pension funds.
The activity licences were annulled on the basis of the application of ERGO Funds AS in relation to the company’s plan to terminate its operations as a management company. ERGO Funds AS has confirmed that it has terminated the provision of all services. Also, ERGO Funds AS no longer manages any funds and the funds previously managed by ERGO Funds AS have been transferred to Nordea Pensions Estonia AS.
The list of the management companies operating on the basis of the activity licence issued by the Financial Supervision Authority can be found here.