Norway's IPS regime builds to NOK3.2bn of assets

Jonathan Boyd
Norway's IPS regime builds to NOK3.2bn of assets

Fresh figures highlighted by the Norwegian Fund and Asset Management Association (VFF) point to NOK1.8bn of payments into the IPS (individuell penjonssparing) through 2018, taking related assets to NOK3.2bn (€329m). Some 104,000 contracts for saving via IPS have been signed since the regime came into effect in November 2017.  On average, account holders saved NOK17,133 (€1,765) last year, although the average rises with age: the youngest saved an average of NOK5,138, while those over 60...

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Jonathan Boyd
Author spotlight

Jonathan Boyd

Editorial Director of Open Door Media Publishing Ltd, and Editor of InvestmentEurope.