25.07.2025
Notice regarding the merger of 3rd 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.
28.04.2025
On changes to the Terms and Conditions of 3rd pension pillar plans “CBL Sabalansētais”, “CBL Aktīvais” and “CBL Aktīvais USD” and price list
Pension Fund has developed amendments to the 3rd level pension plans "CBL Balanced", "CBL Aktīvais" and "CBL Aktīvais USD" (hereinafter all collectively referred to “Pension Plans”) and price list. In compliance with the requirements of regulatory acts, the amendments have been reconciled with the Bank of Latvia and they will enter into force on May 1th, 2025.
Amendments to the Terms and Conditions of Pension Plans and the New Price List will result in a reduction of the commission fee for the holding and management of funds within the Pension Plans.
The currently valid Pension Plan Regulations, as well as the amended regulations are available on the website of Citadele banka: www.citadele.lv/en/private/3rd-pension/plans/. Amendments to the Price List available: www.citadele.lv/en/private/fees/3rd-pension/.
More information about what is mentioned in this notice can be obtained by calling the phone number +371 67010146 or writing to the e-mail address pfonds@citadele.lv.
03.06.2024.
On changes to the Terms and Conditions of 3rd pension pillar plans “CBL Sabalansētais”, “CBL Aktīvais”, “CBL Aktīvais USD” and “CBL Indeksu” from November 22nd, 2024
We would like to inform you that Pension Fund has developed amendments to the 3rd level pension plans "CBL Sabalansētais", "CBL Aktīvais", "CBL Aktīvais USD" and "CBL Indeksu" (hereinafter all collectively referred to “Pension Plans”). In compliance with the requirements of regulatory acts, the amendments have been reconciled with the Bank of Latvia and they will enter into force on November 22nd, 2024.
Amendments to the Terms and Conditions of Pension plans will provide for the right of the Pension Fund to apply a minimum administration fee of EUR/USD 5 in accordance with the price list to members of Pension Plans whose membership contract/s individual account balance for more than 12 consecutive months will be 30 EUR/USD (thirty euros/United States dollars, 00 cents) or less, and the last contribution to the Individual account of the Pension Plan based on the participation agreement was made more than 60 months ago. If the balance of the Individual account is 0 EUR/USD, the commission will not be withheld.
The new Terms and Conditions will come into force on November 22nd, 2024. You can read the full Terms and Conditions here: www.citadele.lv/en/private/3rd-pension/plans/. More information about what is mentioned in this notice can be obtained by calling the phone number +371 67010146 or writing to the e-mail address pfonds@citadele.lv.
The Pension Fund reminds that, in addition to 1st pillar pension and 2nd pillar pension, additional 3rd pillar pension will help ensure your projected future pension up to 70% of your current income. In order to ensure the regularity of contributions in your 3rd pillar pension Individual Participation Agreement account and take care of your retirement accordingly, we invite you to make a regular payment in your Citadele banka online bank, where you can freely choose the amount of contributions and change them at any time.
12.02.2024
On amendments to the investment policies of “CBL Aktīvais“, “CBL Aktīvais USD“ and “CBL Sabalansētais“ pension plans
Please be informed that as of 12 February 2024, amendments to the Investment Policies of the pension plans “CBL Aktīvais“, “CBL Aktīvais USD“ and “CBL Sabalansētais“ (hereinafter referred to as Pension Plans) will come into effect. The asset allocation of the pension plan “CBL Sabalansētais” has been changed, i.e. the pension plan's investments in shares, venture capital market, real estate, alternative investment funds and investment fund certificates will be increased to 25% instead of the previous 20% in line with the industry-wide limit for the group of balanced pension plans. After the changes, “CBL Sabalansētais” pension plan will maintain a balanced investment strategy and the changes will not affect the level of investment risk of the pension plan members
The Investment Policies of the Pension Plans have been supplemented with a more detailed description of how the asset manager of the Pension Plan integrates sustainability characteristics into the Pension Plan management process and ensures disclosure of this information. The description of the most important risks has been clarified by adding an additional risk (credit risk), as well as clarifications of terminology and other editorial corrections.
The Investment Policies of the Pension Plans are available at https://www.citadele.lv/en/private/3rd-pension/plans/. For more information on the amendments, please call the information line at 67010147 or email pfonds@cbl.lv.
23.07.2022.
On changes to the Terms and Conditions of 3rd pension pillar plans from July 25th
As we review and update our range of services, we also update their terms and conditions. We would therefore like to inform you that, after consulting with the Financial and Capital Market Commission, we have made changes to the Terms and Conditions of the following pension plans: CBL Sabalansētais, CBL Aktīvais, and CBL Aktīvais USD.
The most significant changes
- We have improved our service so that we can be contacted through the Citadele online bank;
- We have clarified what participants should do if the employer who is making payments into their plan becomes insolvent and begins the bankruptcy process;
- To look after customers’ savings, we will continue investing the capital held in the pension plans of deceased customers until this capital has been disbursed in full;
- For customers’ convenience and security, payments into a pension plan can only be transferred from a Citadele account or other financial service provider.
The new Terms and Conditions will come into force on July 25th, 2022. You can read the full Terms and Conditions here: www.citadele.lv/en/private/3rd-pension/plans/
Reminder: to ensure steady payments into your 3rd pension pillar, set up a regular payment through the online bank for the most convenience.