Storebrand to become NHO's preferred pension provider
The Confederation of Norwegian Enterprise (NHO) has chosen Storebrand as the preferred provider of mandatory pension schemes for its member companies. The agreement represents the largest trade association agreement in the Norwegian pension market.
Under the agreement, NHO companies that do not have occupational pension schemes today will swiftly and easily be able to establish mandatory pension schemes for their employees. Storebrand and NHO will make the arrangements necessary for companies to be able to establish such pension schemes in the next few weeks. The agreement includes all NHO's member companies and also gives the individual company the possibility to expand the pension scheme with additional features.
- We are very satisfied with the agreement for NHO's member companies. The size of our membership base has given us the best starting point for negotiating good terms and solutions in the best interest of the companies and their employees. When determining a pension provider we have put emphasis on securing solid pension deliveries not only the first year, but on a long-term basis, comments Finn Bergesen, Director General of NHO.
- We are pleased and proud of the trust NHO has shown Storebrand with this decision. The agreement is important for Storebrand and we will prove ourselves worthy of the confidence shown in us. The agreement's scope and structure secures good and efficient solutions at very competitive prices. We have a long-term perspective on the co-operation and success will be measured through many satisfied NHO-members, says Idar Kreutzer, Group CEO of Storebrand.
The members in NHO represent approximately 16,000 companies within crafts, manufacturing, the service sector and knowledge and technology based enterprises. The companies encompass approximately 440,500 employees in total, and represent 40% of economic value creation in the private sector in Norway.
Oslo, 30 March 2006
Contact persons:
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Director of Corporate Communications Egil Thompson,
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Tel: +47 22 48 95 86 Mobile +47 93 48 00 12
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Head of Investor Relations Nils Robert Hodnesdal:
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Tel: +47 22 31 55 33 Mobile +47 93 40 38 13
