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
P+ taken to task by Danish FSA over private equity risk measurement
Financial watchdog criticises pension fund for failing to document appropriateness of data source behind model to estimate PE risk premium
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
Norway SWF urges CII to go further combatting ‘stealth dual-class structures’
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures
IPD hails axing of welfare-linked pensions withdrawal as ‘crucial for trust’
Danish pensions lobby welcomes new legislation removing requirement for benefit recipients to live off their pension savings first
Norway’s pension providers at odds over paid-up policy proposals
Pension funds lobby calls for separate treatment for its members, while banking and insurance industry advocates same requirements for all providers
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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Big Swedish providers raise pension switch worries
Pension transfers are big business in Sweden, and the market could be described as booming right now.
AP7 boosts internal management as it reaches quarter-century milestone
Sweden’s DC buffer fund is boosting internal capacity and embarking on a hiring spree as it seeks to adapt to a harsh new investment environment
P+ taken to task by Danish FSA over private equity risk measurement
Financial watchdog criticises pension fund for failing to document appropriateness of data source behind model to estimate PE risk premium
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
Norway SWF urges CII to go further combatting ‘stealth dual-class structures’
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures
#12 Leaders in Investment podcast: Conversation with Jaakko Kiander, Chief Executive Officer, Keva in Finand
Jaakko Kiander, the CEO of Keva, Finland’s largest pension provider, which looks after state and local government pensions there as well as administering the pensions of other public sector organisations talks to IPE Editorial Director Liam Kennedy.
IPD hails axing of welfare-linked pensions withdrawal as ‘crucial for trust’
Danish pensions lobby welcomes new legislation removing requirement for benefit recipients to live off their pension savings first
Norway’s pension providers at odds over paid-up policy proposals
Pension funds lobby calls for separate treatment for its members, while banking and insurance industry advocates same requirements for all providers
ATP admits DKK2.3bn investment in Northvolt now worth almost zero
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
Alecta cuts DB equities exposure by €4bn in consolidation policy shift
Sweden’s biggest pension fund decides to reduce required funding level for surpluses to be transferred to employers
Varma trumpets biggest investment yet with €2.3bn in US climate ETF
Finnish pensions insurer invests in Invesco New-York ETF launch, with fund tailored to its own needs
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
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
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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