Swedish English Greek

Why save for Retirement


To maintain an adequate standard of living during retirement, the pension income should equal approximately 80% of your last salary.
  • Prepare for a long retirement.
    While it may be good news that we can now expect to live longer, we nevertheless ought to ensure that we will have sufficient savings at our disposal during our retirement years.
  • Preserve your accustomed lifestyle.
    State pension covers a fraction of the income needed during retirement. Your pension has to therefore be supplemented via additional sources. Occupational pension is amongst the most common and efficient ways to enhance your retirement income.

How do I plan for Retirement? 

  • Get a head start.
    People who plan early are more likely to achieve their objectives. The longer your investment horizon, the more likely you are to achieve your retirement goals.
  • Plan wisely.
    Each person has varying needs and circumstances. It is essential to understand your investment profile so that you pursue a suitable investment strategy.
  • Diversify your sources of income.

In 1994 the World Bank has identified three pension pillars that can help people secure a sufficient pension income.

1st Pillar
State pension
The 1st pillar is an anti-poverty pillar that guarantees a minimum income in old age.
2nd Pillar
Occupational Pension
The 2nd pillar is an optional savings pillar in which employees and employers contribute and the benefit depends on the amount of the contributions.
3rd Pillar
Private Pension
The 3rd pillar is a voluntary savings pillar, available to anyone who wishes to supplement their retirement income provided by the first two pillars.


Ancoria is an established Insurance Company, founded in 1987. The Company services the saving and investment requirements of an extensive list of international clients by specialising in customised and carefully designed Life Insurance Policies that are underpinned by investment opportunities in a wide range of funds, structured products and equity trading.
Customer service
Phone: +357 22 551 300
Fax: +357 22 498 592
Sweden Toll-Free Number:
0200 110 130
Ancoria Insurance
P.O. Box 23415
1683 Nicosia

Follow us on 
At Ancoria, we believe in investing in children and their education as they are the future of this world. We thus aim to use our strength as a company to provide opportunities to gifted students from disadvantaged backgrounds.