Pension capital certificate

Get a better overview of your pension by collecting everything in one place.

Woman sitting at a table with a computer

A larger pension when you pay costs in one place
Automatic merging of pension capital certificates
One amount paid instead of many small ones

Accrued pension benefits from previous employers will be moved to your pension account within three months – entirely automatically. If you’d like to move your pension savings into one place right now, you can do this at norskpensjon.no, where you’ll also be able to expedite and reserve pension capital certificates for transfers to your pension account.

What is a pension capital certificate?

A pension capital certificate shows the share of pension capital from a defined-contribution pension scheme with a previous employer. If you leave an employer before 01.01.2021 and have worked there for more than 12 months, you are entitled to take with you the amount saved for your future retirement pension. If you left after 01.01.2021, the 12-month requirement doesn’t apply and you will receive all your accrued pension, irrespective of how long you have worked for the company.

Why collect the pension capital certificates in DNB?

Have you had several employers? Then it might be a good idea to collect all the pension capital certificates so that you can get a full overview of what you will receive as a pension, get lower costs and disbursement in full when you retire.

We have a good selection of mutual funds and pension profiles that are adapted to your age.

How much does a pension capital certificate cost?

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)

Which mutual funds can I choose for my pension capital certificate?

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

Pension provider

The pension agreement is provided by DNB Livsforsikring AS.

Terms and fact sheets (In Norwegian only):

Terms of the pension capital certificate

Fact sheet of the pension capital certificate

Pension capital certificates FAQs

When will you receive a 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.

When can you start receiving pension disbursements?

How are the costs deducted?

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.

Index-based management or active management?

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.

Are you unsure whether you have several pension capital certificates?

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

See your summary here.

Compare our prices with other companies at Finansportalen.no.

Pension capital certificate

What is a pension capital certificate?

Why collect the pension capital certificates in DNB?

How much does a pension capital certificate cost?

Which mutual funds can I choose for my pension capital certificate?

Pension provider

Pension capital certificates FAQs

Are you unsure whether you have several pension capital certificates?

Pension

Own pension account

Pensjonskonto Flex

Pension calculator

Pension savings

Pension savings in mutual funds

Individual pension savings (IPS)

Defined-contribution pension

Pension profile

Pension capital certificate

Paid-up policies

Plan your pension

Garanti Livrente