Pension capital certificate

When you leave an employer and have worked there for more than 12 months, you are entitled to take with you what has been saved for your future retirement pension.

From 01.01.2021, the 12-month requirement will not apply. Savings from the previous employer will be stopped and the pension account you had in the company’s pension scheme will continue in your name. If you worked in a company that had a benefit pension scheme, you get a paid-up policy, and if the company had a defined-contribution pension scheme, you get a pension capital certificate.

The price you pay for a pension capital certificates consists of an administration cost and a management cost.

The annual administration cost is 1 per cent of the accrued pension benefits, a maximum of NOK 400 a year. The administration cost is charged every month.

The management cost you pay will depend on how you want to invest the money and the current price list in DNB at all times.

See the price list for a pension capital certificates (PDF, Norwegian)

The cost of your pension capital certificate is deducted from your balance on a monthly basis. Annual price, both before and during withdrawal of retirement pension, consists of:

• Administration fee of 1 per cent of accrued pension benefits, but no more than NOK 400 a year.
• Management fee, which depends on how you choose to invest your pension capital. We offer several mutual funds and profiles.
• If you choose a pension profile, the administration cost is deducted monthly as a deduction from your saved pension.
• If you choose a mutual fund, the management cost is deducted through daily price determination in the mutual fund.

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

See the mutual fund selection for a pension capital certificates

You can decide yourself how the money is to be invested. You can choose from:index-based management or active management.

• With index-based management, the manager invests in all companies that are part of a stock market index. Index-based management is also called passive management because the manager does not make their own choices. Index-based management is cheaper than active management. This reduces the cost of your savings, but you also lose the chance to get a better return than the stock market index.
• In active management, our managers use their expertise and experience to find the companies they believe will be tomorrow's winners.