Meldal Kommune, a local authority in the west of Norway, has decided to keep its Nkr56m($8m) employee pension fund with the Oslo-based Kommunal Landpensjonskasse, after failing to find a suitable replacement. The manager beat off a number of the largest Norwegian financial institutions, including Storebrand, Norske Liv and Vital Forsikring to retain the contract, which it has held since 1968. We tried to find out which company gave the best serivce and the most security, together with the best return," says a spokesperson for the kommune. The suthority was advised by securities house Orkla Finans."