The purpose of own pension account is for employees to get a better overview and greater ownership over their own pension. When your contribution pensions are gathered with one provider, the costs associated to pension savings will most likely be lower due to fewer pension providers.
Own pension account – a better overview of your pension
The Storting has decided that all employees that has contribution pension will receive an own pension account. Own pension account will make it easier for you to get an overview of your pension. All pension savings will be gathered into one account.
Own pension account was introduced in January this year.