KLP surplus doubles to NOK4.5bn

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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.

KLP, the insurer that covers 95% of municipal and county pension provision in Norway, said if the positive trend continues for the rest of the year, it will add surplus to customers’ premium funds ...

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