KLP mulls DC offering

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NORWAY - Kommunal Landspensjonskasse (KLP), the insurer that covers 95% of municipal and county pension provision in Norway, is considering adding defined contribution products to its offering on the back of a proposed new law for mandatory occupational pensions.

To date KLP’s pension provision consists entirely of defined benefit pensions. But Bjorn Hamre, executive vice president, KLP, said the government’s plans to introduce mandatory occupational pensio...

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