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
Sweden: What you need to know about the changes to the AP funds
Sweden’s SEK2trn buffer funds system is set for major change as the number of funds shrinks to three
Nicolai Tangen wins five more years as head of Norway’s SWF
Norges Bank governor praises former hedge fund manager for ‘strong ability to deliver and achieve solid results’
Danish doctors’ pension fund divests China as trade tensions bite
Lægernes Pension sells off €200m of Chinese investments, mainly listed shares
Swedish tender for €4.5bn small-cap mandates
Manager search covers actively managed funds in national framework
Danish pensions lobby rejects pension withdrawals for home purchase
More important to address problem of Danes saving too little for retirement, says IPD
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
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The looming trust deficit
Once again, European pension systems – notably those of the Netherlands and Denmark – have scored most highly in this year’s Mercer CFA Pension Index. These successes are no accident, and among the key ingredients is years of pragmatic and consensual policy making.
Sweden axes FSA chief due to former pensions agency role
Government minister refers to Heimstaden Bostad probe as ‘unusual situation’ behind sidelining of Daniel Barr
AP funds defend Northvolt investment amid domestic media scrutiny
National pension funds have been called before parliamentary committee after the criticism in Swedish television reporting
Danish FSA says pension funds failing on active ownership communication
Sampension says scope of the rules should be clearer
ATP picks academics with Norway SWF credentials to complete evaluation panel
Denmark’s €96bn statutory pension fund appointed Magnus Dahlquist and Andrew Ang to add international expertise to new external scrutiny board
Norway’s Stoltenberg defends SWF strategy despite steep losses
Finance Ministry warns responsible investment may become tougher for the GPFG given new geopolitical era, in annual white paper presented today
ATP limits tally of green bond issuers due to onerous due diligence
Danish pensions heavyweight says investors have key role to play in keeping greenwashing at bay
Danish pensions group says better EU growth framework could shift assets back from US
‘Much-needed focus’ on ensuring Europe’s competitiveness is vital to attracting the necessary investments, says CEO of Denmark’s IPD association of insurers and pensions
Danish pension funds keep board diversity as corporate governance priority
Pension funds gear up for 2025 voting season amid pressure on shareholder rights in US
Danica adjusts investments towards defence industry
The Danish pensions provider says around 30 companies will be removed from its restriction list
Almenni and Lífsverk eye merger to create Iceland’s fifth-biggest pension fund
Negotiations at early stage, say funds, aiming to complete talks by the summer
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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