New savings plans drive Norwegians towards funds

There was an increase of some 6% over the past year in the number of savings plans that Norwegian retail investors have with financial institutions to direct money into funds, according to data from the Norwegian Fund and Asset Management Association (VFF). Through 2018, some 52,310 new contracts for such savings were signed, of which some 38% involve the aksjesparekonto, a type of account intended to foster tax efficient savings at the personal level in the country. This has taken the total number of contracted savings plans involving investments in funds to 905,292, the VFF said. In mo...