DNB Livsforsikring to acquire KLP Bedriftspensjon.

DNB Livsforsikring, a provider of financial services, agreed to acquire KLP Bedriftspensjon, a wholly owned subsidiary of KLP, a provider of financial and insurance services. Financial terms were not disclosed. "Defined-contribution pensions are a focus area for DNB, and given the prevailing low interest rates and demographic changes, saving for retirement is only going to become more important. KLP Bedriftspensjon has a strong position as a provider of public sector-related businesses, and has invested in index-linked funds and sustainable management processes. These are initiatives that we look forward to continuing under the auspices of DNB. As part of this, we will also be launching new sustainability profiles for defined-contribution pensions this autumn," Anders Skjævestad, DNB Livsforsikring CEO.