Pension Capital Certificates

Pension capital certificates are pension agreements from previous employment.

When Own pension account is introduced, everyone with a defined contribution pension scheme will receive an own pension account with the pension provider chosen by their employer. If you do not take action, your pension capital certificates will be transferred to your own pension account automatically.

I have pension capital certificates in Storebrand but an own pension account with another provider

Choose your Own pension account flexible in Storebrand. Your pension assets with your employer will then be moved to the same account in Storebrand automatically. 

Your pension capital certificates can be transferred as soon as your Own pension account flexible is registered by us.

If you want to reserve your certificate from being merged into your own pension account, the pension capital certificate will remain as it is today, with an unchanged savings profile. The costs will also be the same as today.

I have pension capital certificates and an own pension account in Storebrand

We recommend that you transfer the pension capital certificates to your own pension account at once so that these assets get the same savings profile as the rest of your pension assets. 

Pension capital certificates will be moved to own pension accounts in the course of 2021. However, you can accelerate this process personally and thus possibly reduce costs quicker than if you let the transfer happen automatically. 

If you want to reserve your certificate from being merged into your own pension account, the pension capital certificate will remain as it is today, with an unchanged savings profile. The costs will also be the same as today.

Why Own pension account flexible in Storebrand?

  • Higher returns through active choices
  • Leading pension expertise
  • Full overview of your pension assets
  • Management fees from 0.2 percent.

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Q&A Pension capital certificates

  • 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.

  • 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.

  • 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.

  • How do I start the pension payout?

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

  • 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.

  • 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 2 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.

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.