Guide to the Statement of Account for Group Pension Schemes

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What is a statement of account?

A statement of account is an annual report that shows how the funds in a company’s pension scheme have developed throughout the calendar year.

Who receives the annual statement of account?

Companies and organizations that have a group pension scheme with Storebrand receive an annual statement of account for their pension scheme.

What does the statement of account include?

The statement of account presents the financial results for the group pension scheme for the past year and shows how the funds have developed.

It contains a calculation and allocation of annual results:

  • investment return result
  • insurance risk result

It also includes detailed account overviews showing transactions in:

  • premium reserves
  • buffer fund
  • premium fund
  • pension surplus fund
  • adjustment fund for disability pension
  • adjustment fund
  • adjustment fund for pensions
  • deposit fund

For more information and explanations of the individual terms