3rd Pension Pillar

Standard commissions for contracts of individual participation

CBL Aktīvais, CBL Sabalansētais

Currency of agreement EUR
Commission to Financial and Capital Market Commission1 (from each contribution) 0.39%
The Pension Fund’s administration commission2,3 (from accumulated supplementary pension capital value, annually):  
If accumulated supplementary pension capital is:  
     equal or less than 1 499.99 EUR 1.5%
     from 1 500.00 EUR till 4 999.99 EUR included 1%
     from 5 000.00 EUR till 99 999.99 EUR included 0.75%
     more than or equal to 100 000.00 EUR 0.2%
If contract of individual participation was signed in Citadele online banking system 1%
If contract of individual participation was signed within the period of the campaign “Start with double” from 01.11.2019 till 31.12.2019. 0.75%
Commission to asset manager2 (from average assets value, annually)  
     CBL Aktīvais 0.8%
     CBL Sabalansētais 0.7%
Variable commission to asset manager4 10%
Custodian bank’s commission2 (from average assets value, annually) 0.15%

In force on 31.10.2019.

 

CBL Aktīvais USD

Currency of agreement USD
Commission to Financial and Capital Market Commission1 (from each contribution) 0.39%
The Pension Fund’s administration commission2,3 (from accumulated supplementary pension capital value, annually):  
If accumulated supplementary pension capital is:  
     equal or less than 1 679.99 USD 1.5%
     from 1 680.00 USD till 5599.99 USD included 1%
     from 5 600.00 USD till 111 999.99 USD included 0.75%
     more than or equal to 120 000.00 USD 0.2%
If contract of individual participation was signed in Citadele online banking system 1%
If contract of individual participation was signed within the period of the campaign “Start with double” from 01.11.2019 till 31.12.2019. 0.75%
Commission to asset manager2 (from average assets value, annually) 0.8%
Variable commission to asset manager4 10%
Custodian bank’s commission2 (from average assets value, annually) 0.15%

In force on 31.10.2019.

 


1 The commission is variable, in accordance with the current changes of legislation of the Republic of Latvia. The commission can fluctuate both to increase and to decrease during action of the agreement.
2 The commissions are deducted once a month as 1/12 part
The lower commission is to be applied in case the agreement of individual participation refers to several groups.
From of the Supplementary pension capital’s investment income value that exceeds the comparative indicator: 12-month EURIBOR (for the pension plans CBL Aktīvais and CBL Sabalansētais) / LIBOR (for the pension plan CBL Aktīvais USD)