Norway

NORWAY - The Norwegian Financial Supervisory Authority have proposed the introduction of capital solvency tests in line with the Swedish and Danish 'traffic light' model.

NORWAY - Norwegian minister of labour and social affairs, Bjarne Håkon Hanssen, has confirmed that the new government will review the agreement-based early retirement system (AFP scheme) in 2006.

NORWAY - The Norwegian Minister of Finance, Kristin Halvorsen, said she would consider introducing regulations to stop pension insurance companies from paying commissions to brokers, unless the industry prepares its own common practice standards.

NORWAY - The NOK1281.1bn Government Petroleum Fund has announced the funding of seven new mandates during the third quarter.

NORWAY - Norwegian minister of finance Kristin Halvorsen (pictured) has been urged to take action to stop pension insurance companies from paying commissions to brokers who recommend and negotiate pension deals in the public sector.

NORWAY - Oslo Sporveier, Oslo's municipal public transport company, has outsourced its NOK2bn group pension scheme to Norwegian insurance company and pension provider Storebrand.

NORWAY - Municipal pension funds realised an 18% rise in total assets from NOK21.7bn at year-end 2003 to NOK25.6bn at the end of 2004.

NORWAY - Aberdeen Property Investors has launched its second property fund in Norway consisting of an actively managed portfolio diversified across property, regions and tenant categories.

NORWAY - Kommunal Landspensjonskasse (KLP) saw its surplus reach NOK4.5bn in the third quarter, more than double the NOK2bn surplus for the same period last year.

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...