Executive Pension and Risk Solutions

In Norway, standard occupational pension schemes only cover salaries up to 12G (12 times the National Insurance base amount). That leaves a gap for your most senior people—often the ones driving your business forward.

At Howden, we help you close that gap with smart, strategic pension and risk solutions designed specifically for executives and key employees. Whether it’s additional pension accrual, early retirement options, or tailored risk coverage, we’ll help you protect and reward your top performers—without overspending.

Why offer an executive pension agreement?

For managing directors, senior executives, and employees earning above 12G, executive pension agreements deliver meaningful, future-focused support. These arrangements can include:

• Early retirement pensions
• Additional old-age pension accruals
• Disability cover for earnings above 12G
• Group life insurance and survivor benefits

With access to a favourable risk pool and highly competitive rates, we make it easy to offer protection that feels like a benefit, not a burden.

What we offer

We’ve been designing and managing tailored executive pension solutions for years—and we know what works. Our services include:

• Customised solutions within clearly defined cost frameworks
• Full actuarial calculations for accounting, liabilities, and premiums
• Setup and ongoing management with leading life insurers
• Clear documentation, member overviews, and employee comms
• Individual advice for executives retiring or exiting early
• Support with conflict resolution and pension agreement interpretation

Whether you’re setting up a single executive contract or building a collective top-hat pension plan, we’ve got you covered.

Executive Redemption Insurance

In 2019, we launched a unique redemption insurance product that gives employees a flexible way to secure earned pensions at retirement—typically age 67.

This solution is ideal for:

• Compensation schemes created during the shift from defined benefit to defined contribution
• Salaries exceeding 12G, where standard schemes fall short

By transferring earned rights into a life insurance policy, employees gain stability and security—while your business gets a clean handover and predictable costs.