28 January 2016, 7 p.m.
SPP Pension & Försäkring AB (publ) has changed the interest rate curve used in calculations for life insurance provisions to one similar to the interest rate curve used in the pan-European Solvency II regulation. The expected negative accounting effect of the changed interest rate curve, combined with other assumption changes, is approximately SEK 300m.
The change better adapts risk management to the Solvency II regulation.
It is expected that indexation fees will not be recognized in the coming years as a result of the changed interest rate curve.
For further information please contact:
Head of Communication Åsa Wallenberg
+46 8 451 71 83
asa.wallenberg@spp.se
Vice President Capital Management Storebrand Lars Kramer
+47 900 68 287
lars.kramer@storebrand.no
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