AMWatch

KLP, DNB predict strong demand for new tax-favourable investments

Pensions and investment providers in Norway have just begun offering a new type of equity investment account and are set to launch a new breed of personal pension in November. Both offerings have been made possible by new legislation easing tax conditions as a way of encouraging more individual saving in the country.

Ståle Øksnes, director of funds at KLP

Two new investment products are coming to market this autumn in Norway as a result of changes in the tax law to boost private savings, and providers KLP and DNB are optimistic that there will be good demand for the new accounts.

The first product — Aksjesparekonto (ASK) (equity savings account) — has been available to customers since 1 September, while the second, Individuell pensjonssparing (IPS) (individual pension savings), will be launched in November.

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