KBC Ireland announced this past week that they will no longer be setting up new pensions for their customers from November 15th 2021.
The more relevant part of this statement if you have a Pension set up by KBC is that KBC have said that you may be required to transfer your PRSA to someone other pension provider on a given date in the future.
Your pension may automatically be transferred to a provider not of your choosing in time. It is best you take control of your retirement savings as quickly as possible.
We expect them to make similar moves with their deposit accounts soon also, if you have savings with KBC Ireland, you should consider moving them quickly, as they may be earning no interest and being eroded by the current bout of inflation.
It is important to be aware of the implications that KBC’s move may have on your savings or pension, and it might also be a good idea to contact ODM Financial Advisers for pension advice.
Our team can offer you one-on-one advice with an expert in finance or pensions.
Contact us today for peace of mind at firstname.lastname@example.org