Good results for KLP in the first half-year
KLP delivered good results for the first half, with a return for pension customers of 4.2 per cent so far this year. KLP's subsidiaries have also performed well.
Key figures
- KLP achieved a value-adjusted return on the pension assets in the common portfolio of 4.2 per cent so far this year.
- The total profit to customers was NOK 21.3 billion.
- Good growth from external customers choosing KLP's fund products.
- An increasing number of pension scheme members value good terms and conditions and purchase non-life insurance from KLP.
“Strong equity markets contributed to good results for KLP in the quarter, especially considering that we adjusted the value of our properties downwards because of higher interest rates,” says CEO Sverre Thornes.
New pension system provides better guidance
During the quarter, KLP made great progress in developing a new and up-to-date digital pension system adapted to the new rules for public-sector occupational pensions. In the second quarter, all old-age and early retirement (AFP) pensions were transferred to the new system. This means faster case handling and even better advice, to both employers and employees.
“For employees in the Norwegian local government and healthcare sector, this means that they can know within seconds what they will receive in pension, the effect of continuing to work full-time, and how much flexibility they have to work alongside their pension. This is important to enable everyone to make good choices about their pension, not least by showing what they gain by working more, based on both working hours and age,” says CEO Sverre Thornes.
About KLP KLP, the pension fund for Norway’s municipal employees, is the country’s biggest occupational pension fund with N0K900bn (€88bn) under management. KLP is a mutual company, owned by Norwegian municipalities, health trusts and publicly owned companies. KLP has strict self-imposed guidelines for responsible investments, climate, and sustainability, and has released one of the industry most ambitious net zero emissions roadmaps “The Road to Paris”. - https://www.klp.no/en/corporate-responsibility-and-responsible-investments/klps- roadmap-to-net-zero
Subscribe to releases from KLP
Subscribe to all the latest releases from KLP by registering your e-mail address below. You can unsubscribe at any time.
Latest releases from KLP
Ny toppsjef i KLP Eiendom26.4.2024 09:45:54 CEST | Pressemelding
Ellen Langeggen er ansatt som ny administrerende direktør i KLP Eiendom.
Global teknologileder Arm flytter inn i KLP-eide Teknostallen25.3.2024 09:00:00 CET | Pressemelding
Arm Norway, som i utgangspunktet ble etablert gjennom oppkjøp av en NTNU-spinoff, vokser og flytter inn i KLP-eide Teknostallen i Trondheim. Selskapet har signert en leiekontrakt på 6 000 kvadratmeter kontorlokaler.
KLP Eiendom kjøper Stortorvet 712.3.2024 08:15:00 CET | Pressemelding
KLP Eiendom har inngått avtale med Schage Eiendom AS om kjøp av Stortorvet 7 AS og Stortorvet 7 Drift AS, som eier eiendommene Stortorvet 7, Grensen 2 og 4, Karl Johans gate 15 og Nedre Slottsgate 12. Eiendomsverdien er 2,5 milliarder kroner. Overtakelsen gjennomføres 21. mars 2024.
KLP gir rekordsum tilbake til kommunene19.2.2024 07:09:57 CET | Pressemelding
God avkastning i 2023 gjør at KLP vil overføre 21,4 milliarder kroner til kommune- og helse-Norge i år.
KLP returns record sum to the municipalities19.2.2024 07:07:33 CET | Press release
Good returns in 2023 allowed KLP to return NOK 21.4 billion to Norwegian local municipalities and healthcare customers this year.
In our pressroom you can read all our latest releases, find our press contacts, images, documents and other relevant information about us.
Visit our pressroom