Pension fund CBL Atklātais pensiju fonds

Notice regarding the merger of 3^rd pension pillar plans “CBL Aktīvais” and “CBL Aktīvais USD” 

We would like to inform you that on November 11, 2025, the 3rd pension pillar plans “CBL Aktīvais USD” and “CBL Aktīvais” of AS CBL Atklātais pensiju fonds will be merged. As a result, only the pension plan “CBL Aktīvais”, denominated in euros, will be available. 

This change is being made due to low demand for savings in U.S. dollars. The “CBL Aktīvais USD” and “CBL Aktīvais” plans have identical investment policies and the same fees—the only difference so far has been the currency. 

What does this mean? 

By November 10, 2025 (inclusive), you have the option to: 

• Transfer your accumulated capital from the “CBL Aktīvais USD” 3rd pension pillar plan to another plan offered by AS CBL Atklātais pensiju fonds or to a different pension fund that meets your individual needs; 

• Continue participation in the “CBL Aktīvais” pension plan as of November 11, 2025 –the transition will be handled by AS CBL Atklātais pensiju fonds; 

• Request a payout of your accumulated pension capital if you have reached the age defined in the applicable legislation. 

You can learn more about our 3rd pension pillar plans here. 

Information on how to change your pension plan is available here. 

About the Merger 

If no application for switching plans or requesting a payout is submitted by November 10, 2025, your accumulated capital in “CBL Aktīvais USD” will be automatically transferred to “CBL Aktīvais”. The funds will be converted from U.S. dollars to euros at the European Central Bank exchange rate applicable on November 10, 2025. 

As of November 11, 2025, contributions must be made to the “CBL Aktīvais” pension plan account: 
IBAN: LV46PARX0000299401014 

Important! If you have a recurring payment set up for the “CBL Aktīvais USD” plan, you must update the payment by indicating the account number for the “CBL Aktīvais” plan: 
IBAN: LV46PARX0000299401014 

If the recurring payment is set up in Citadele, it must be cancelled and created a new. You can cancel the recurring payment in the Online bank under Payments > Recurring payments, by clicking Cancel. A new recurring payment can be set up by selecting Payments > Recurring payments > Fixed amount recurring payment. 

If you have any questions, please contact us via the mobile app, Online bank, or by calling 6701 0000. 

Riga, 25.07.2025

The procedure for considering suggestions and complaints

You have the right to contact JSC "CBL Atklatais pensiju fonds" with a suggestion or complain regarding pension plans or the services provided by JSC "CBL Atklatais pensiju fonds", customer service, etc.

Privacy protection rules, effective from 09.02.2021.

Historical issues

Came into force on 27.03.2019.
Came into force on 25.05.2018.

CBL Atklātais pensiju fonds is a company of the Citadele group. Companies of the Citadele group provide a wide range of financial services, for this reason in some cases a customer’s interests may conflict with those of another customer or the company itself. We adhere to the internal policies and procedures of the Citadele group to ensure proper management of any such circumstances during business operations.

JSC "CBL Atklatais pensiju fonds" (hereinafter – the Pension fund) and AS Citadele banka are part of the Citadele Group (hereinafter – the Group) where AS Citadele banka is the Group’s parent company. The Pension fund complies with the remuneration policy approved by the Group.

As a Citadele Group company AS “CBL Atklātais pensiju fonds” (Pension Fund) is committed to adhering to the Citadele Group's ESG policy, ESG risk policy and other sustainability-related policies. For Citadele Group, sustainability means developing business in accordance with social, environmental and economic goals.