The Norwegian Ministry of Finance has opened a consultation on proposed changes to the rules for hybrid occupational pensions, based on a memorandum from the Financial Supervisory Authority of Norway. The proposals follow the ministry's review of whether a personal pension account could be introduced for hybrid schemes. They would facilitate wider use of investment choice in hybrid arrangements, allow pension certificates to be merged through passive consent, and adjust rules for short employment periods and small pension balances. The package does not propose introducing a personal pension account or allowing members to choose their own provider for hybrid pensions. The draft changes include removing the requirement for 12 months of service before a member can retain accrued pension rights. They also include rules that would let holders choose to convert paid-up policies into pension certificates. The consultation period runs until 19 August 2026.

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