Stable results in turbulent times
KLP has delivered solid results so far this year after a quarter marked by generally weak growth in the financial and property markets.
“In turbulent markets, we benefit from spreading our investments across different areas at home and abroad. This stabilises returns and provides our customers with a generous profit,” says CEO Sverre Thornes.
So far this year, the pension assets in KLP’s common portfolio have grown by 3.9 per cent, while the value-adjusted return for the third quarter was minus 0.3 per cent. This gives a total profit of NOK 16 billion to customers so far this year. Despite market turmoil, KLP remains very solid, with a solvency capital ratio of 368 per cent.
Staff shortages, especially in the health sector
At KLP, we are tackling what is seen as one of the biggest challenges facing the company’s customers and owners; a shortage of manpower. As a pension provider, we do our utmost to provide good information about the value of working more and for longer. We want to help attract more people into the public sector professions. Among other things, we run promotional films featuring employees in the Norwegian local government and healthcare sector and ads linking to websites with job vacancies, and we participate in student fairs with the Norwegian Association of Local and Regional Authorities (KS), the Norwegian Union of Municipal and General Employees and the Norwegian Nurses Organisation. It is pleasing to find young people showing great interest in these professions.
In close dialogue with its owners, KLP develops local businesses throughout Norway
KLP has owners and customers all over the country, and has a responsibility to see how the pension capital that we manage can contribute to value creation at the local level. For three years now, we have been working with professional investment managers and business developers to help entrepreneurs to move from the ideas stage to establishing a business. We have worked with 46 start-ups, and 35 of them have received capital from various sources as a result of these processes.
“It is very inspiring to see the diversity of knowledge and commitment that we encounter around the country, and to be able to help good ideas to come to fruition under Norwegian ownership,” says Thornes.
About KLP KLP, the pension fund for Norway’s municipal employees, is the country’s biggest occupational pension fund with around 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
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Latest releases from KLP
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.
KLP Eiendom kjøper Tjuvholmen allé 1116.2.2024 11:06:30 CET | Pressemelding
KLP Eiendom har inngått avtale med Aspelin Ramm Eiendom AS om kjøp av Tjuvholmen Kontor VIII AS, som eier seksjonene 1, 2 og 3 i Tjuvholmen allé 11. Brutto eiendomsverdi i transaksjonen er 844 millioner kroner. Overtakelse er planlagt 29. februar 2024.
Sterke resultater for KLP Eiendoms kjøpesentre i 202312.1.2024 10:31:51 CET | Pressemelding
22,5 millioner besøkende la igjen rundt fire milliarder kroner på kjøpesentrene til KLP Eiendom i 2023. Dette representerer en sterk økning på 5,9 prosent fra året før, med vekst i besøk og antall handlende.
KLP Banken justerer rentene9.1.2024 15:14:14 CET | Pressemelding
Etter at Norges Bank hevet renten før jul, har KLP Banken gjort noen justeringer i sine rentebetingelser. Laveste boliglånsrente blir 5,3 prosent for førstehjemslån til unge KLP-medlemmer, mens beste innskuddsrente blir 4,55 prosent for plasseringskonto 31 dager for medlemmer. For flertallet av KLPs medlemmer forblir boliglånsrenten uendret.
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