DNB Livsforsikring – Increase in shareholder contribution for higher life expectancy
On 2 April 2014, DNB Livsforsikring ASA received a letter from Finanstilsynet (the Financial Supervisory Authority of Norway) regarding "Guidelines for the strengthening of reserves and the use of surplus returns to cover higher provisions within group pension insurance". According to the letter, DNB Livsforsikring can use surplus returns above the guaranteed rate of return to finance the required increase in reserves to reflect higher life expectancy for a period of seven years starting in 2014, which is two years longer than in Finanstilsynet’s original plan. Based on DNB