It's your Mortgage Day!
We’re shaking up Personal Retirement Savings Accounts!
Make all the decisions yourself with our Lifestyle Extra PRSA. Or have us take care of them for you with our Lifestyle PRSA.
Whichever pension plan you choose you can now open and manage your new pension in the KBC app!
Open a pension in the KBC App in 4 simple steps.
Control your pension from your favourite smart phone.
Flexibility to increase, decrease and pause your contributions, free of charge or penalties.
Keep track in real time - view your balance and pension performance anytime.
Paper free - see your documents in app.
Managed by KBC Group Asset Management. With 70 years experience and over €100 billion assets under management*.
Portability means you can bring your PRSA from job to job throughout your working life.
Value for money with competitive fees of 2.5% of each contribution made and an annual fund management fee ranging from 0.5% to 1.45%, depending on your choice of plan and investment portfolio.
The Irish Branch of KBC Insurance NV, trading as KBC Life and Pensions, offer a number of investment funds through our PRSA products. These funds are created and managed by KBC Asset Management (KBC AM), a member of KBC Group, who provide investment management services to KBC Life and Pensions. KBC Life and Pensions fully accept the sustainability policies applied by KBC AM.
KBC AM understands sustainability risk as the risk that the return of investments may be negatively affected by environmental, social or governance risks.
Environmental risk is defined as the risk that the return of investments may be negatively affected by environmental factors, including factors resulting from climate change and factors resulting from other environmental degradation. Social risk is defined as the risk that the return of investments may be negatively affected by social factors. Governance risk is defined as the risk that the return of investments may be negatively affected by governance factors.
The nature of these risks varies along a time scale:
In its investment policy, KBC AM takes these sustainability risks into account by:
The investment policy of KBC AM continuously assesses the underlying investments at issuer level, but also (where relevant) at the level of asset allocation and regional or sectoral allocation level. These regular reviews consider sustainability risk as one of several elements that may affect return. The SRI research team assigns an ESG risk rating to most companies included in the common indices MSCI World and MSCI Emerging Markets and a selection of small and midcap companies based on inputs from an ESG data provider. The ESG risk ratings are shared internally with portfolio managers and strategists so they can use this as a factor in the investment decision process.
The investment policy does not merely frame permissible investments by reference to the financial position of the business or government but also the societal impact of the company or government in question. KBC AM is constantly monitoring its investment policy and its application to its business as a key part of its drive to deliver long-term sustainable investment returns for its clients.
As part of its commitment to long-term sustainable investment, KBC AM applies additional SRI criteria to its SRI funds. These are described in its SRI policy.
Please note that KBC AM`s passive investment funds, structured funds and funds investing in third party funds may not apply all the Exclusion Criteria. MyAutoinvest, the default investment strategy for KBC PRSAs is primarily a passive investment strategy.
The KBC Group, to which KBC AM belongs, is committed to the following international business codes and KBC AM’s investment policy and processes are aligned with these commitments:
The Irish branch of KBC Insurance NV, trading as KBC Life and Pensions, is a member of KBC Group.
The KBC Group Remuneration Policy is a framework for a sound remuneration practice within KBC Group worldwide in line with the corporate sustainability strategy and considering the European and different national legislations aiming sustainability (including article 5 of Regulation 2019/2088 on sustainability related disclosures in the financial services sector).
The KBC Group Remuneration Policy aims to ensure consistency with and to promote sound and effective risk management (e.g. “sustainability” is a specific parameter for the evaluation of KBC Senior Management).
Furthermore, the KBC Group Remuneration Policy aims to prevent incentives for excessive risk taking and ensures that the payment of variable remuneration is aligned with the long-term interests of KBC Group (e.g. Variable remuneration should not induce risk-taking in excess of the risk appetite of the different entities of the KBC Group and where relevant, be based on risk- and liquidity-adjusted profit, not on gross revenues. Additionally, ex ante and ex post risk adjustments to variable remuneration are possible in order to guarantee the sustainability strategy).
KBC Insurance NV trading as KBC Life and Pensions is authorised by the National Bank of Belgium in Belgium and is regulated by the Central Bank of Ireland for conduct of business rules.
KBC Bank Ireland Plc is tied to KBC Life and Pensions for the distribution of PRSA products to personal customers in the Republic of Ireland. This means that KBC Life and Pensions products are distributed through the nationwide KBC Hub network, by telephone as well as through KBC’s mobile banking platform.
KBC Life and Pensions is a registered business name of KBC Insurance NV in Ireland. Branch registration number 909131.
Registered Office: Sandwith Street, Dublin 2, Ireland