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Published:
This is an archived release.
Increased contribution in the AFP scheme
Pension contribution in The Agreement Based Pension (AFP) scheme increased by 12.4 per cent to NOK 3 403 millions during 2007. The profit on ordinary activities was higher in 2007 compared with 2006, mainly because of higher earned premiums.
During 2006 pension contribution in the AFP scheme increased by NOK 375 million during 2007, mainly because the number of retired persons was higher in 2007 than in 2006. During 2007 the profit on ordinary activities increased by 104.6 per cent to NOK 236 million. Total assets increased by 18.1 per cent to NOK 1 818 million. This was due to higher receivables and the strong development in the security markets throughout 2007.
The Joint Pension under Collective Agreement (FTP) was wound up in 1967. Hence, the agreement does not receive any premiums. The profit on ordinary activities was minus NOK 19 million, whereas the total assets were NOK 137 million.
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