Nordic region: Pensions and Investment News and Analysis
Latest news and analysis of pensions, asset management, regulation and trends in the Nordic Region from our award-winning journalists.
Pension Funds in the Nordic Region - Country Report
Nordic Region Report 2024: Denmark’s government urges pension funds to support defence
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Key benefit of Iceland’s additional pension extended ahead of election
Almenni board member says government would need to provide clear legislation in order for auto-enrolment of additional pension to work
NBIM revamps, shifts focus from real assets to energy and active management
Real assets CIO Mie Holstad quits as all areas of active management brought under one umbrella
AMF finds banks increasingly luring its pension clients with mortgage discounts
Swedish blue-collar pension fund says occupational pension seen more and more as ‘commodity to be exchanged for temporary discounts’
Iceland’s pension funds reject idea of subjecting them to bank rules
Central bank says given expected growth of pension funds, they should have rich opportunities for investing in diverse assets at home and abroad
Varma bemoans scant plans by high-risk firms around biodiversity loss
Finnish pension provider says survey of attitudes among electricity mining, food companies, and others, shows only 9% have biodiversity action plan
TOP NORDIC REGION PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
Denmark
- PFA Pension | 102,473,792
- Arbejdsmarkedets Tillaegspension (ATP) | 95,167,690
- Danica Pension | 70,640,258
Finland
- Keva | 68,500,000
- Varma Mutual Pension Insurance Co. | 62,069,000
- lmarinen | 61,144,000
Iceland
- Lífeyrissjóður starfsmanna ríkisins | 9,339,640
- Lífeyrissjóður verslunarmanna | 8,557,521
- Gildi lífeyrissjóður | 6,592,618
Norway
- Norway Government Pension Fund Global | 1,548,996,540
- Kommunal Landspensjonkasse (KLP) | 91,052,710
- Folketrygdfondet | 31,176,585
Sweden
- Alecta Pensionsförsäkring | 111,831,667
- Sjunde AP-fonden (AP7) | 98,770,760
- AMF | 74,485,838
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Interviews
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Danish politics focuses on the good life
Pensions and the labour market were the focus of end-of-summer political pronouncements in Denmark this year. If brought into action, some of the ideas could lead to forward-thinking changes to pensions.
Key benefit of Iceland’s additional pension extended ahead of election
Almenni board member says government would need to provide clear legislation in order for auto-enrolment of additional pension to work
NBIM revamps, shifts focus from real assets to energy and active management
Real assets CIO Mie Holstad quits as all areas of active management brought under one umbrella
AMF finds banks increasingly luring its pension clients with mortgage discounts
Swedish blue-collar pension fund says occupational pension seen more and more as ‘commodity to be exchanged for temporary discounts’
IPE Nordic Briefing: Iceland preps review of national pensions sytem
Plus: Iceland schemes reject banking rules; Sweden’s watchdog warns of risks for consumers on pension transfers
Iceland’s pension funds reject idea of subjecting them to bank rules
Central bank says given expected growth of pension funds, they should have rich opportunities for investing in diverse assets at home and abroad
Varma bemoans scant plans by high-risk firms around biodiversity loss
Finnish pension provider says survey of attitudes among electricity mining, food companies, and others, shows only 9% have biodiversity action plan
Swedish FSA warns of risks for consumers as Q1 pension transfers hit €2bn
Watchdog calls occupational pension majors to its HQ to talk about putting consumer needs first when moving pensions
Icelandic pension funds call for auto-enrolment of additional pension
Leaders at Frjalsi and Almenni pension funds argue participation in the 25-year-old scheme should be boosted by employers signing staff up as the default
Danish watchdog finds product failings at Nordea Pension
Pension firm’s CEO says measures have been initiated to ensure compliance as soon as possible
Next year’s Swedish FTN plan includes SEK145bn active IT equities mandates
Fund Selection Agency outlines 2025 procurement plan for four actively managed premium pension fund categories and one index-based
TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS
Company | Assets (€m)
- SEB | 65,000*
- BlackRock | 61,541
- DNB Asset Management | 53,712**
- Nordea Asset Management | 52,442
- Storebrand Asset Management | 35,386***
- State Street Global Advisors | 29,768
- Nykredit Asset Management | 26,163
- Northern Trust Asset Management | 22,607
- Morgan Stanley Investment Management | 8,936*
- Amundi | 8,344
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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IPE BEST PENSION FUND IN THE NORDIC REGION AWARD WINNERS
Nordic Region
- 2023 - The Swedish Fund Selection Agency
Denmark
- 2022 - Industriens Pension
- 2021 - PensionDanmark
- 2020 - PensionDanmark
- 2019 - ATP | PensionDanmark
Norway
- 2022 - KLP
Sweden
- 2022 - Alecta pension insurance, mutual
- 2021 - Fjärde AP-fonden (AP4)
- 2020 - Fjärde AP-fonden (AP4)
- 2019 - Swedish Pensions Agency
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