Own Pension Account Flexible

With a defined contribution pension scheme at work you will receive an Own pension account with your current employer's pension provider. This happens automatically, in the period from 1 February to 31 December 2021.

Should you want a different pension provider or management of the pension assets than what your employer has chosen, an Own pension account flexible is the right solution for you.

With your Own pension account flexible you will have:

  • access to Storebrand's entire fund universe with a wide selection of sustainable and attractive funds.
  • a reliable supplier with leading expertise.
  • full overview of your pension assets in market-leading digital solutions.
  • competitive terms and conditions.

Costs

  • Annual administration fee: 0
  • Annual  management fee: from 0.2%
  • Dispatch fee: 0
  • Redemption costs: 0
  • Fund switching: 0
  • Transfer fees: 0
  • Risk premium: 0

Why choose Own pension account flexible?

Prospect of higher return

The return on your pension assets has a huge impact on your pension payouts. If you are 40 years old now almost half of your pension payouts at retirement will come from the return.

Storebrand offers robust fund solutions with a good balance between risk and return. You can achieve higher returns by choosing other fund portfolio solutions and taking higher risks.

Check available funds here (text in Norwegian)

Prospect of lower costs

If you choose a lower management fee than what the employer pays, the profit will be added to your pension account.

Example: Your defined contribution pension has a NOK 500,000 portfolio. Your employer pays 0.6% to the pension provider they have chosen. If you choose an index fund with a lower management, e.g. 0.2% in index funds, the difference is 0.4%.

Your pension account will then be added NOK 2,000 more a year.

Overview and control

With an own pension acount flexible in Storebrand you will have access to market-leading digital solutions.

The savings app Mine penger provides a quick overview of your pension assets.

If you are approaching retirement and want to plan a little more in detail, we recommend the Smart Pension solution. It requires a little more effort from you, but gives you a better overview and control.

Reliable provider with leading expertise

For more than 20 years Storebrand's experienced sustainability teams have  worked to exclude, invest in and influence listed companies worldwide.

We have a responsibility to manage our customers' savings and pensions in a way that contributes to sustainable development.

We manage more than NOK 921 billion for 1.1 million Norwegians, which makes us Norway's largest private asset manager and pension provider. Our method of investing our funds in sustainable companies is unique. 

Q&A Own pension account flexible

  • Who can obtain an Own pension account flexible?

    All employees in the private sector are included int the Own pension account scheme. Employees with an active defined contribution pension may opt for Own pension account flexible at Storebrand. 

  • Which schemes may be collected in the Own pension account flexible?
    • Defined contribution schemes
    • Pension capital certificates
    • Individual pension saving (IPS) discontinued 1.11.2017
    • Individual pension scheme (IPA)

  • How do I find out what pays off for me?

    If you choose Own pension account flexible in Storebrand, your pension account will be compensated with an amount corresponding to what your employer pays today.

    • Find your costs at Norsk Pensjon
    • Choose funds from Storebrand's fund universe
    • If you choose funds with lower costs than what your employer pays, you will gain a profit.
  • When will my own pension account flexible be ready?

    Pension agreements you have in Storebrand today are collected faster than agreements you want to move to us from other providers. 

    For your current agreements in Storebrand, the following applies:

    Your Own pension account flexible is created as soon as you sign. Defined contribution pension schemes will be transferred within 4-5 days of signing. Pension capital certificates will be transferred after 30 April. The actual transfer period will extend through 2021. Our best estimate is that it will take 4-5 days after 30 April before you have everything accumulated in your Own pension account flexible.

    For agreements you move to Storebrand from other providers, the following applies:

    Your Own pension account flexible is created as soon as you sign. If you are only moving your defined contribution pension, your money will be transferred within 30 days of signing. The transfer of pension capital certificates will start after 30 April. The actual transfer period will extend through 2021. Our best estimate is that it takes 4-5 days after 30 April before you have everything accumulated in your Own pension account flexible.

    To ensure a quick transfer of pension capital certificates, log in to norskpensjon.no. and select "Samle nå" (Collect now).