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.
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Pension fund/entity | Assets (€’000)
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Ulf Nore, Tonje Roti and Ola Oppegaard appointed to work in Tromsø at Folketrygdfondet’s new asset management union from mid-April
NBIM takes Polish energy firm Orlen off observation list after press freedom concerns allayed
Norwegian SWF reports on its responsible investment activity in 2024
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
NBIM says mandatory quarterly reporting by businesses can lead to short-term decision-making, hindering sustainable growth and innovation
Company | Assets (€m)
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Nordic Region
It would be hard to argue that Norway’s sovereign wealth fund is not diversified, but its range of permitted asset classes is narrower than that of peers.
Ulf Nore, Tonje Roti and Ola Oppegaard appointed to work in Tromsø at Folketrygdfondet’s new asset management union from mid-April
NBIM takes Polish energy firm Orlen off observation list after press freedom concerns allayed
Norwegian SWF reports on its responsible investment activity in 2024
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
NBIM says mandatory quarterly reporting by businesses can lead to short-term decision-making, hindering sustainable growth and innovation
Norway’s political parties agree to abolish mandatory early retirement for armed forces, police, prison staff
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance
Plus: PFA Klima Plus generates high returns; NBIM pushes Council of Institutional Investors (CII) on unequal voting structures at companies
Proposed change would excise thousands of Chinese stocks from GPFG’s €1.7trn portfolio
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures