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By Rachel Fixsen2020-12-22T13:51:00+00:00
Norway’s Storebrand has finally signed a pensions contract with the municipality of Vestland, after the legal attempt by incumbent provider KLP to halt the process ended in failure.
On Friday, a judge in the Oslo Country Court ruled against KLP’s request for an injunction preventing the contract from being signed.
KLP, a near-monopolistic provider of Norwegian municipal pensions, had argued in the case that the tender process leading to Storebrand winning the two-year contract had been unfair.
Ingrid Holm Svendsen, director of the department of organisational services and finance at Vestland County Municipality, said: “We confirm that the court has given Vestland County Municipality full support in the case and also granted legal costs.”