Mandatory pensions boost Storebrand's profits

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NORWAY - Pension provider Storebrand has attributed much of its group profit of NOK460m in the first quarter of 2006 to major new contracts in the mandatory occupational pensions market.

The firm’s Life Insurance division booked a net inflow of pension reserves of NOK2.8bn in Q1. This helped the group, led by chief executive officer Idar Kreutzer (pictured), to beat profits of N...

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