Norway: Pensions and Investment News and Analysis

Key changes to pensions in Norway of late have been tweaks to supplementary provisions and reserves that should allow greater risk-bearing capacity, and the migration of the AFP second-pillar scheme from an early retirement system to a lifelong occupational pension top up. This is to incentivise longer working lives. There is also now greater competition in the municipal pensions market with the re-entry of Storebrand to the market as a challenger to the dominant provider KLP.

Pension Funds in the Nordic Region - Country Report

IPE nordic forum 2022

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

TOP NORWEGIAN PENSION FUNDS 2024

Pension fund/entity | Assets (€’000)

  1. Norway Government Pension Fund Global | 1,548,996.540
  2. Kommunal Landspensjonskasse (KLP) | 91,052,710
  3. Folketrygdfondet | 31,176,585
  4. Oslo Pensjonsforsikring | 12,160,373
  5. Equinor | 5,131,318

©IPE Research;  View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview

TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. SEB | 65,000*
  2. BlackRock | 61,541
  3. DNB Asset Management | 53,712**
  4. Nordea Asset Management | 52,442
  5. Storebrand Asset Management | 35,386***
  6. State Street Global Advisors | 29,768
  7. Nykredit Asset Management | 26,163
  8. Northern Trust Asset Management | 22,607
  9. Morgan Stanley Investment Management | 8,936*
  10. Amundi | 8,344

As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22

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IPE European Pension Fund Awards

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

Find out more about the IPE awards and how to be involved