{
  "id": 5059107,
  "title": "Tilsyn: KLP visste om feilen – sendte til fire kommuner",
  "url": "https://urgent.news/2026/09/02/tilsyn-klp-visste-om-feilen-sendte-til-fire-kommuner",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-02T09:48:27.000Z",
  "source": {
    "name": "E24 Norway",
    "slug": "e24-norway",
    "url": "https://e24.no/boers-og-finans/i/8pWBbd/tilsyn-klp-visste-om-feilen-sendte-til-fire-kommuner"
  },
  "original_language": "en",
  "account": "The National Authority for Supervision of Financial Supervision (Tilsynet) has laid out the rules after learning that KLP, a company primarily dealing with public service pensions for employees in municipalities, county administrations, health institutions and other public-sector businesses, had sent incorrect information to four municipalities in 2023. KLP is a dominant player in the market, while Storebrand is a competitor. The report indicates that KLP sent misleading information about Storebrand to municipalities considering placing their pension scheme up for bid. This information incorrectly stated that a portion of Storebrand's revenue was allocated to its shareholders. Despite being aware of the error, KLP continued to send the documents to administrators in Austevoll, Levanger, Kinn and Eidsvoll, without disclosing the mistake, according to Tilsynet's internal email correspondence from 2020. This is part of a larger pattern where KLP used municipal documents from municipalities that opted not to place their pension scheme up for bid and forwarded them to other municipalities considering the bid. These documents closely mirrored KLP's own submissions and contained language and arguments sourced directly from KLP's notes and presentations, as indicated by Tilsynet. KLP's CEO, Sverre Thor, acknowledged via the communications department that the company should have handled the matter differently and should have been more cautious. He stated that the examples presented do not represent KLP's usual client interactions. The company has already taken measures and established guidelines to prevent such instances in the future. Tilsynet has been investigating since 2022 to determine if KLP has abused its dominant position in the market. The ruling was issued last week and made public today. Tilsynet believes KLP has harmed competition through active and intentional influence on municipalities to prevent them from placing their public service pension up for bid, potentially leading to higher costs and lower quality services for the municipalities. The CEO of KLP emphasized that the company takes the Competition Authority's criticism seriously and recognizes that certain aspects of their practice and communication should have been different. Consequently, KLP and the Competition Authority have agreed on measures to address Tilsynet's concerns. However, KLP does not recognize the overall picture painted by Tilsynet.",
  "summary": "Konkurransetilsynet legger frem nye detaljer om hvordan KLP jobbet for å holde konkurrenten unna.",
  "key_points": [
    "KLP sent incorrect data to four municipalities in 2023",
    "KLP misled about Storebrand's revenue allocation",
    "KLP continued sending documents despite knowing the error"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}