Ævileið II is well suited for persons who will be investing their personal pension savings for a medium-term period, and is intended for fund members older than 54 years of age. Ævileið II is a less risky portfolio than Ævileið I. The strategy is to have around 75% of the portfolio invested in bonds and around 25% in equities, with foreign equities outweighing domestic equities. The objective is to have the portfolio deliver a steady long-term return with limited risk.

Ævilína option, automatic transfer between portfolios with increasing age

Members are offered automatic transfers between the investment options as they grow older. Assets are transferred at the following age limits:

• Members younger than 55 years of age: Ævileið I.
• Members older than 54 years of age: Ævileið II.
• Ævileið III option: Once withdrawals begin.

If a fund member has not chosen automatic transfer between investment options, however, it is possible to do so later.