Pension providers in the Faroes
All individuals up to the Faroese state pension age, with full tax liability in the Faroes, are required by law to save a portion of their salary in a pension scheme. As of 1 January 2014 it is also required that the pension provider is based in the Faroes. There are three different types of pension providers in the Faroes: it can be a life assurance company, a financial institution or a pension fund. In insurance companies and pension funds, a part of the savings will be invested into securities. In financial institutions, the money goes to a savings account.
Below is a list of pension providers in the Faroes. For more information on each, contact them directly.