Employees select Handelsbanken Liv

Handelsbanken Liv has been selected as one of the companies to manage the
occupational pensions of private sector employees.

This was reported today by Collectum, which is responsible for procuring pension
solutions for the two parties - the Confederation of Swedish Industry and the
Federation of Salaried Employees in Industry and Services.

Snorre Storset, chief executive Handelsbanken Liv, says, "We have been given a
fine and important vote of confidence. We will offer customers good, simple
solutions with low fees and top-ranked mutual funds."

Handelsbanken has many customers who belong to the ITP plan and who will now be
able to select unit-linked insurance with Handelsbanken Liv for their collective
agreement occupational pensions.

Snorre Storset explains, "We will offer a simple, initial solution for those who
select us. It consists of two of our best equity funds and a fixed income fund.
The basic idea is that the longer the time to pension, the more pension assets
are invested in equity funds. When the customer reaches 55 years of age, an
increasing share of the pension savings is invested in the fixed income fund.
The allocation between the funds is reviewed annually, and adjusted if
necessary."

At the same time, he emphasises that everyone who selects Handelsbanken Liv for
their occupational pension for the entire period, can also make their own
individual choices, if they so desire:

"We have many customers who are very active and interested investors in mutual
funds. With this solution, they can also change funds when they want and select
froma broad range of carefully selected funds with low fees and high ratings."

The procurement involves a total of some 750,000 employees with a total annual
premium of more than SEK 7.5 billion. In addition, there is an accumulated
insurance capital of approximately SEK 80 billion, which now can be transferred
to the selected companies.

For further information, please contact:
Snorre Storset, chief executive Handelsbanken Liv, +46 8 701 69 10, +46
70 508 8705
Johan Lagerström, press officer Handelsbanken, +46 8 701 13 95, +46 70 265 8014

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