NORWAY - Kommunal Landspensjonskasse (KLP), the insurer that covers 95% of municipal and county pension provision in Norway, will stay a mutual after a proposed move to demutualise failed by one vote in its general assembly.
Yesterday’s vote, which would have converted the KLP to a limited liability company, received only 89 votes, one shy of the 90 it required to meet the two thirds majority of 136 general assembly r...
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