Pension Capital Certificates

Pension capital certificates are pension agreements from previous employment.

When Own pension account was introduced in January 2021, everyone with a defined contribution pension scheme received 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 a pension capital certificate and an own pension account in Storebrand 

The pension capital certificate will be automatically transferred to your own pension account in Storebrand during 2021. After 1 May, you will receive information about when the pension capital certificate will be transferred to your pension account.

I have a pension capital certificate (issued after 1.2.2021) in Storebrand and an own pension account in Storebrand


The pension capital certificate will be automatically transferred to your own pension account in Storebrand during 2021. If you want to reserve yourself against automatic transfer, please respond to the request you receive about this. You must make a reservation within three months of the pension capital certificate being issued.

Reservations are made at norskpensjon.no

I have a pension capital certificate 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. 

If you do nothing your pension capital certificate will be transferred to your own pension account with another provider in the course of 2021.

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.

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.

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.