Pension capital certificates

Pension capital certificates are pension agreements from previous employment.

Everyone with a defined contribution pension scheme has received an own pension account with the pension provider chosen by their employer. If you didn't take action, your pension capital certificates were transferred to your own pension account automatically in 2021.

I had a pension capital certificate and an own pension account in Storebrand 

The pension capital certificate was automatically transferred to your own pension account in Storebrand in 2021. During that year you could reserve against transferring the pension capital certificate to your pension account at norskpensjon.no.

 

I have a pension capital certificate in Storebrand but no own pension account 


If you did not automatically receive an own pension account at the beginning of 2021, your pension capital certificate is as before. You can find more information about pension capital certificates below and can log in and get an overview of your pension agreements.

The product is supplied by Storebrand Livsforsikring AS. You do not own the underlying financial investments, but have a claim on Storebrand Livsforsikring AS.

Q&A Pension capital certificates

  • add What is a pension capital certificate?

    A pension capital certificate is a certificate documenting your total pension contributions from a former employer or employers with a defined contribution pension scheme. From 2021 you will receive a pension capital certificate only if you stop working in the private sector.

    Your pension capital certificates will be transferred automatically into your own pension account during 2021, unless you reserve yourself from the transfer.

  • add Can I merge several pension capital certificates?

    Yes. In doing so you will also save administration costs. 

    Your pension capital certificates will be transferred automatically into your own pension account during 2021, unless you reserve yourself from the transfer.

  • add When can I start claiming the pension?

    You can start claiming your pension from capital certificate assets when you retire, from the age of 62. Should you become disabled before 62 the rule still applies. 

    The money will be been paid out together with other pension assets.

  • add How do I start the pension payout?

    Well before you retire, Storebrand will send you a letter asking for necessary information to initiate the pension payout. Once this is in place, the payout will start.

  • add What happens to my pension savings if I die?

    In the event of your death all assets on your pension account will be paid out to your beneficiaries.

  • add What if I have pension capital certificates but not an own pension account?

    Your Storebrand advantages remain the same:

    • Your pension is automatically placed in the savings solution "Recommended pension". Here, the investment profile is adapted to your age. If you are young, a large part of the pension assets are invested in the stock market. As you grow older, your pension is gradually shifted to interest-bearing securities to reduce value fluctuations as the payout approaches.
    • You can choose between many pension profiles and funds; from index funds to more specialized equity funds. Our fund selection (in Norwegian) 
    • If you have several pension capital certificates in Storebrand, you can reduce costs by merging them. You do this easily by sending us a message from your personal pages.
    • If you also have pension capital certificates with other providers, you should merge them in Storebrand to reduce costs. Move and merge pension capital certificates from other providers (page in Norwegian)

    Your Storebrand advantages remain the same:

    • Your pension is automatically placed in the savings solution "Recommended pension". Here, the investment profile is adapted to your age. If you are young, a large part of the pension assets are invested in the stock market. As you grow older, your pension is gradually shifted to interest-bearing securities to reduce value fluctuations as the payout approaches.
    • You can choose between many pension profiles and funds; from index funds to more specialized equity funds. Our fund selection (in Norwegian) 
    • If you have several pension capital certificates in Storebrand, you can reduce costs by merging them. You do this easily by sending us a message from your personal pages.
    • If you also have pension capital certificates with other providers, you should merge them in Storebrand to reduce costs. Move and merge pension capital certificates from other providers (page in Norwegian)
  • add Can paid-up policies with investment options be moved to own pension account?

    Paid-up policies with investment options will not be merged into own pension account.

  • add What is administration costs and why do I have to pay this?

    Administration fees are costs related to administering your agreement. In Storebrand, you pay an annual administration fee of 1 percent of the pension savings balance, but not more than NOK 400. If you have several pension capital certificates, we recommend that you collect these into one agreement to avoid additional fees.

Details on pension capital certificates

More information about investment choices, savings profiles and how to easily make changes to your pension capital certificate.

  • add Investment choices

    In Storebrand, you can change the pension profile on your pension capital certificate free of charge. With the right savings profile, you can achieve a much better return and thus more in retirement. You have many exciting funds to choose from, with different management fees. depending on the risk represented by the various funds.

    Our fund selection (page in Norwegian)

  • add Payouts

    Payouts from pension capital certificates can start from the age of 62. The payout period is set at a minimum of 10 years and up to the age of 77. However, if the annual pension payout is less than 20 per cent of the National Insurance basic amount, the payout period can be altered.

  • add Costs
    • Annual administration costs: 1 percent of the savings balance, but not more than NOK 400
    • The management fee depends on which funds you have invested in, varying from 0.2 to 2.5 percent.
    • Fund switching: no costs.
  • add Switching savings profile or funds

    Switching savings profiles or funds is free of charge.

    1. Log in to your personal pages.
    2. Select the tab «Pension» and menu item «Pension agreements».
    3. Find the agreement you want to change your savings profile on.
    4. Press «Show details», then «Change savings profile».
kunderådgiver

Would you like to move a pension capital certificate to Storebrand?

If you have a pension capital certificate with another pension provider you can move it to Storebrand. Our advisors are happy to help you.

Past performance is no guarantee of future returns. Future returns will depend, among other things, on market developments, the manager's skills, investment risk and management costs. The return can be negative as a result of a fall in stock prices.