We strive to improve our range of products and services every day to provide more opportunities for our customers. The manager IPAS CBL Asset Management reviewed the 2nd pension pillar plans and intends to change them. On 6 October 2021, the investment plans “Daugava” and “Venta” will be appended to the investment plan “CBL Universālais ieguldījumu plāns” (acquiring plan), while the investment plan “Gauja” will be appended to the investment plan “CBL Aktīvais ieguldījumu plāns” (acquiring plan).
On 29 July 2021, the VSAA will send letters to all participants of investment plans “Gauja”, "Venta" and "Daugava" to provide all necessary information on the appending of the plans. Once the information is received, all participants will have the right to change the manager of funds and the investment plan by submitting an application on change of the manager of funds of the state funded pension capital or the investment plan to the VSAA. If the application is not received within the specified term, IPAS CBL Asset Management will continue to manage the capital accumulated in the 2nd pension pillar and further contributions in accordance with the rules of the acquiring plans.
If you are a participant in one of these plans and want to change the manager of funds and investment plan, you can do so by submitting an application to the VSAA for the selection or change of the 2nd pension pillar investment plan (Application form at www.vsaa.gov.lv).
You can submit the application:
- electronically on the portal www.latvija.lv, selecting E-Iesniegums pensiju 2. līmeņa ieguldījumu plāna izvēlei vai maiņai, [E-application for the selection or change of the 2nd pension pillar investment plan] or send a letter to vsaa@vsaa.gov.lv, which must be signed by a secure electronic signature and must contain a time stamp;
- in person in any division of the VSAA or the State and local government unified customer service centre;
- by post (Lāčplēša iela 70A, Riga, LV-1011).
What changes will affect each plan?
- Upon appending the investment plan „Daugava” to the investment plan “CBL Universālais ieguldījumu plāns”, the current investment policy of the investment plan will remain in effect and the amount of commissions will remain unchanged.
- Upon appending the investment plan „Gauja” to the investment plan “CBL Aktīvais ieguldījumu plāns”, the current investment policy of the investment plan will remain in effect and the amount of commissions will remain unchanged.
Therefore, if you are satisfied with the operation of the investment plan "Daugava" or "Gauja", we recommend you to keep your investment in it.
- Upon appending the investment plan „Venta” to the investment plan “CBL Universālais ieguldījumu plāns”, the current investment policy of the investment plan will be changed from balanced to conservative, but the amount of commissions will remain unchanged. If you are satisfied with the operation of the investment plan “CBL Universālais ieguldījumu plāns” managed by IPAS CBL Asset Management, we recommend you to keep your investment in it. However, if you want to maintain a more active investment policy, please choose one of the active investment plans offered by IPAS CBL Asset Management.
IPAS CBL Asset Management, a subsidiary of Citadele banka AS, is the third largest 2nd pension pillar manager in Latvia in terms of both managed assets and participants. The company has the largest and most experienced team of professionals among pension managers in Latvia. The profitability of pension plans of CBL Asset Management gained the lead in the industry that testifies to the team’s experience and ability.
For more information about results of operations of IPAS CBL Asset Management, visit www.manapensija.lv or www.pensija.lv, view the 2nd pension pillar plans under management:
- CBL Universālais ieguldījumu plāns;
- CBL Aktīvais ieguldījumu plāns;
- CBL dzīves cikla plāns Millennials;
- CBL Ilgtspējīgu iespēju ieguldījumu plāns.
For additional information on IPAS CBL Asset Management, call info line 67010000.