Own Pension Account

In an Own pension account all your defined contribution pension savings is gathered automatically – from your current and previous employers. The purpose is to give you a better overview of your pension savings and more pension.
Damer som sitter på en benk i høstvær.

What is Own pension account?

  • All your savings from defined contribution pension schemes from your current and previous employers are gathered into one account.
  • The purpose is to give you a better overview of your pension savings and to save administration costs.
  • The pension account is managed by your employer’s pension provider.
  • Your pension savings will be gathered automatically, but you will have the possibility to opt out if you do not wish to have your previous pension savings included in your own pension account. 
  • You can choose any pension provider to manage your pension account.

With an Own pension account in Storebrand, you get:

  • a quick and easy overview of your pension in the app Mine penger
  • attractive conditions
  • robust pension portfolios and savings automatically adapted to your age
  • pension portfolios that follow clear sustainability criteria
See your Own pension account

Choose your own pension provider

Choosing Storebrand as your pension provider will give you access to a wide range of funds from Storebrand and other fund providers. 
Own pension account flexible

Questions on Own pension account
  • Who received an Own pension account?

    All employees who had a defined contribution pension scheme received an own pension account in 2021.

  • What does the Own pension account cost?

    It is your employer who covers ev. administration costs for the account, and pays the management costs on the active part of your pension account (for the money that the employer sets aside for your pension).

    For the passive part (earned capital from previous employment), you pay the management costs, but you get the same price as your employer pays for the active part.

  • Which costs will my employer cover if I choose a pension provider myself?

    The employer pays pension contributions for you monthly, and covers costs for administration and management of the pension you earn while you work in the company.

    If you have chosen a pension provider yourself, you will receive a certain compensation for management costs from your employer. If your provider has higher prices than the employer's pension provider, you will have to cover the additional costs personally. Conversely, if your supplier has lower prices, the profit will go into your account as additional pension savings.

  • What happens to my Own pension account if I resign from my job?

    Your Own pension account will follow you throughout your professional career as long as you are employed by a company with a defined contribution pension scheme. If you are re-employed at an employer with a defined contribution pension scheme, an own pension account will be established with your employer's pension provider or with a pension provider you have chosen. Previously earned pension is automatically transferred to the new own pension account unless you reserve yourself against the transfer.

  • I had two employers in 2021 - did I get two pension accounts?

    If you had several employers with a defined contribution pension scheme, you received an Own pension account for each employment.

    Pension capital certificates from previous employment were transferred to the pension account with the largest balance.

This is Own pension account

In this video our pensions advisor Øyvind Bendz Strøm explains what own pension account is all about.

Download the app Mine penger

Easy overview of all your savings in one app.
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