The following is excerpted from the question-and-answer section of the transcript.
(Questions from industry analysts are provided in full, but answers are omitted - download the transcript to see the full question-and-answer session)
Question: Hskon Astrup - DNB Markets, Research Division - Analyst
: Two questions from me. The first one on the individual pension account. Can you provide an update there on how you see that will impact fees
going forward? And also what do you have for mitigating measures? That was the first question.
And the second question is also on solvency, you're closing in now on 190%. Based on the information that you have today, when do you expect
to start to pay off the capital, which is tied up in the back book?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: I just have a couple of questions on the repricing of the DB portfolio in Norway, if it could be some -- give us some numbers or be a little more
specific on what this repricing means for the P&L? And also on the DC side, as I understood the report, both income and costs were somewhat
lower in the quarter due to lower activity. Is it possible also to quantify the impact on income and costs for the DC products in Norway and Sweden?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. So I'm just referring to the text in the report, which says that the public margins decreased due to lower activity based fees from pension
administrative services.
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Sorry, is it possible to repeat that number? And where do you expect that number to be the same next quarter or go back to a normal level?
Question: Vegard Toverud - Pareto Securities AS, Research Division - Analyst
: Okay. And just to follow-up on Lars reply there earlier. The repricing is done only on the guaranteed element, there's no repricing of the administrative
fee elements for the DB portfolio?
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