KBC Pensions

Please note: We are no longer accepting applications for this product. 

Pensions Download Booklet

Here's what you need to know

We've put together some useful tips and frequently asked questions for you.

What's happening?
KBC Life & Pensions will no longer be a Personal Retirement Savings Account (PRSA) provider. In the meantime, you can continue to service your PRSA in your App. Please contact KBC Life & Pensions with any queries.
What to expect...
If you hold a KBC Lifestyle or Lifestyle Extra PRSA with KBC we will be writing to you shortly to outline the next steps.
What you need to do...
You do not need to do anything right now. KBC Life & Pensions will write to you shortly outlining the next steps. Make sure your contact details are correct and up to date so we can keep you informed about your PRSA.

Guide to Next Steps


Download now

Pensions Help Hub

What's changing?

Are you an existing customer? We've put together some useful information for you to help you prepare for the changes ahead.

Your PRSA


Your Personal Retirement Savings Plan (PRSA) is a long-term plan to help you set aside money for your retirement. Should a Binding Agreement with Bank Of Ireland receive regulatory approval, you will be required to transfer your PRSA to another provider on a given date in the future. The transfer value of your PRSA/ KBC Pension at that date will have no penalties or charges applied . Based on the performance of the fund, this could be more or less than the contribution(s) you have made.  Within the KBC App you can view your balance and pension performance anytime.

When there are further updates we will write to you with any additional information and support you may require.  We will ensure you are provided with plenty of notice of any impact and/or changes to your account in line with all legal and regulatory protections.

Important...


Important Things to Know

For now you can continue to manage your pension and make contributions as normal.

You can transfer your PRSA to another approved pension provider at any time. To do this please email us at: kbclifeandpensionstransfers@kbc.ie

 

Top FAQs


Are you an existing customer and need some additional support? Check out our FAQs:

Can I pause my contributions?

Yes, you can pause your contributions in App for 6 months.

Can I cancel my PRSA?

No, you cannot cancel your PRSA, but you can stop contributing to it. Your PRSA will continue to be invested but no further contributions will be collected from you. If you would like to stop contributing to your PRSA please email lifeandpensions@kbc.ie

When can I transfer my PRSA?

You can transfer your PRSA to another approved pension provider at any time, simply email lifeandpensions@kbc.ie

Can I take a refund of my PRSA contributions?

No. Under Irish Pension Law you cannot take a refund of PRSA contributions.

I currently use my KBC Current Account to make contributions into my PRSA, can I continue?

For now you can continue to make contributions as normal.

What options will there be for my PRSA in the future?

Customers will be given the option to transfer to a pension provider of their choice or they will be transferred to a default provider.

Can I add a single contribution?

Yes, we will continue to accept single premiums until such time as your policy transfers.

Can I still see the value of my PRSA in my App?

Yes, all services will continue to be able to see the value of your policy in the app until such time as your policy transfers.

Can I still increase/decrease my contributions?

Yes, this  service will remain in the app until such time as your policy transfers.

Table of Fund Prices

Lifestyle PRSA Fund Prices

Fund Name: Fund Price at 05/08/2022:

1 month
performance at 05/08/2022:

3 month performance at
05/08/2022:
6 month performance at 05/08/2022: 12 month performance at
05/08/2022:
YTD performance at 01/01/2022:
MyAutoinvest equity funds

€1,394.62

7.82%

2.33% 0.87% 3.14% -4.50%
MyAutoinvest bond funds €894.11 2.51% 0.15% -5.30% -10.07% -7.85%
MyAutoinvest cash funds €984.25 -0.12% -0.35% -0.71% -1.48% -0.88%
             

LifestyleExtra PRSA Fund Prices

Fund Name: Fund Price at 05/08/2022: 1 month
performance at
05/08/2022:

3 month
performance at 05/08/2022:

6 month performance at 05/08/2022: 12 month performance at 05/08/2022: YTD performance at 01/01/2022:
ExpertEase Careful Defence

€1,020.11

1.41% -0.45% -3.34% -5.74% -6.72%
ExpertEase Balanced Defence €1,030.01 2.23% -0.24% -3.65% -5.95% -7.56%
ExpertEase Progressive Defence €1,032.58 2.95% -0.45% -4.67% -6.95% -8.64%
ExpertEase Balanced Approach €1,106.00 3.46% -0.41%

-4.39%

-5.45% -9.22%
ExpertEase Progressive Approach €1,097.31 3.92% -0.24%

-4.48%

-5.59% -9.46%
ExpertEase Progressive Opportunity €1,138.53 4.84% -0.36% -4.98% -5.44% -10.90%
Lifestyle Cash €979.34 -0.09% -0.26% -0.52% -1.08% -0.65%

 

 

Get in touch - Retail

Hi!

We’re here to help. Phone us Monday to Friday from 8am to 8pm. Saturday and Sunday from 9am to 5pm.

Need help or support?

Get in touch

Important Information about your KBC Pension

We recommend that all customers take the time to read our KBC Life and Pensions Data Protection Notice and Terms of Business (pdf, 171KB).
 
Read our Remuneration Summary Document (pdf, 73 KB)

  • As an existing PRSA customer you can still:

    • Control your pensions from your smart phone.
    • Have the flexibility to service your PRSA, free of charge or penalties. 
    • Keep track in real time - view your balance and Pension performance anytime.
    • Paper free - see your documents in your app.
  • 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).

     

Warning: Past performance is not a reliable guide to future performance
Warning: The value of your investments may go down as well as up
Warning: If you invest in these funds you may lose some or all of the money you invest
Warning: These funds may be affected by changes in currency exchange rates

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