Pension capital certificate

Get a better overview of your pension by consolidating your pension capital certificates in one place.

More in pension when you pay costs in one place
One amount paid out instead of many small ones
It is easy to transfer your pension to us

What is a pension capital certificate?

A pension capital certificate shows accumulated pension capital from a defined contribution pension scheme with a former employer. If you left an employer before 1 January 2021 and had worked there for more than twelve months, you are entitled to take the accumulated amount with you towards your future retirement pension. If you left after 1 January 2021, the twelve-month requirement does not apply and you take all accrued pension with you regardless of how long you worked at the company.

Why consolidate your pension capital certificates with DNB?

For each pension capital certificate you hold, you must pay an annual fee. By consolidating your certificates in one place, you pay lower costs. With just one account, you also gain better oversight and you receive a single payout as a pensioner.

Which funds can I choose for my pension capital certificate?

In the fund selection, you can see which funds you can choose from.

View the fund selection here

Have you had several employers?

Get a complete overview of your pension with everything consolidated

Wide selection

We have a wide selection of funds and pension profiles

Lower costs

In addition to a combined payout when you retire

Are you unsure whether you have multiple pension capital certificates?

On Norsk Pensjon's pages you will find an overview of your pension capital certificates.

View your overview here

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Questions and answers about pension capital certificates

When do you receive a pension capital certificate?

When you leave an employer and have worked there for more than twelve months, you are entitled to take with you what has been saved towards your future retirement pension.

From 01.01.2021, the 12-month requirement will no longer apply. Savings from your previous employer will be stopped and the pension account you had in the company's pension scheme will be continued in your name. If you worked in a company that had a defined benefit pension scheme, you will receive a paid-up policy, and if the company had a defined contribution pension scheme, you will receive a pension capital certificate.

What does a pension capital certificate cost?

The price you pay for a pension capital certificate consists of an administration fee and a management fee.

The annual administration fee is one per cent of accrued pension savings, with a maximum of NOK 400 per year. The administration fee is charged each month.

The management fee you pay will depend on how you wish to invest the funds, and the current price list in DNB.

See price list for pension capital certificate (PDF)Open the file in a new tab

How are the fees deducted?

The costs for your pension capital certificate are deducted from your balance monthly. The annual price, both before and during withdrawal of retirement pension, consists of:

Administration fee of one per cent of accrued pension savings, but no more than NOK 400 per year.
Management costs, which depend on how you choose to invest your pension capital. We offer several funds and profiles.
If you choose a pension profile, the management cost is deducted monthly as a deduction from your accrued pension.
If you choose funds, the management cost is deducted through daily pricing in the fund.

Which funds can I choose for my pension capital certificate?

Index-based management or active management?

You decide how the money should be invested. You can choose betweenIndex-based management or active management.

With index-based management, the fund manager invests in all companies included in a stock market index. Index-based management is also called passive management since the fund manager does not make individual selections. Index-based management is cheaper than active management. This reduces the costs of your savings, but you also forgo the opportunity to achieve a better rate of return than the stock market index.
With active management, our fund managers use their expertise and experience to identify the companies they believe will be tomorrow's winners.

When can you start the payout?

You choose when you want to start the payout of your pension, but no earlier than from the age of 62.
You also choose how many years the pension will be paid out over, but the minimum payment period is 10 years, and at least until the age of 77.
The pension is paid monthly, and comes in addition to pension from the National Insurance Scheme, any salary and pension from other pension schemes.

Pension provider

The pension agreement is provided by DNB Livsforsikring AS (private limited company).

Terms and fact sheets:

Terms pension capital certificate

Fact sheet pension capital certificate

EU classification of mutual funds

The Sustainable Finance Disclosure Regulation (SFDR) came into effect in the EU on 10 March 2021. This has made it easier to compare financial products and services from a sustainability perspective, through uniform information and increased transparency.

The rules and legislation impose requirements on classifying mutual funds and pension profiles and include different categories depending on investment focus and how the fund is managed.

See expectation documents DNB Liv