4435_not-searchable
/en/bank-og-finansmarked/statistikker/avtpensj/aar
4435
Increased contribution in the AFP-scheme
statistikk
2006-07-13T10:00:00.000Z
Banking and financial markets
en
avtpensj, Agreement Based Pension (AFP) (discontinued), pension benefit, occupational pension, profit and loss account, balance sheetFinancial institutions and other financial corporations, Banking and financial markets
false

Agreement Based Pension (AFP) (discontinued), 2005

This statistics has been discontinued.

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Increased contribution in the AFP-scheme

Pension contribution in The Agreement Based Pension (AFP) scheme increased by 7.4 per cent to NOK 2 739 million during 2005. However, the profit on ordinary activities was higher in 2005 compared with 2004, mainly because of higher financial incomes.

The profit on ordinary activities increased by 104.1 per cent to NOK 64.3 million during 2005. Total assets increased by 9.1 per cent to NOK 1 405 million, mostly due to the strong development in the security markets throughout 2005.

The Joint Pension under Collective Agreement (FTP) was wound up in 1967. Hence the agreement does not receive any premiums. However the income from financial assets is still considerable. In 2005, the agreement spent more of the provisions for liabilities and charges than in 2004.

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