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
Swedish Pensions Agency pushes back after watchdog’s Heimstaden Bostad censure
Finansinspektionen rules Pensions Agency failed in its risk control work, fell short of legal requirements to make the investment in the troubled residential firm
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
Velliv finds new CIO in Nordea AM’s private markets chief
Lea Vaisalo will preside over index-based strategy, whose advent involved exit of alternatives, active equity teams
Kåpan Tjänstepension makes first investment in IFAD sustainable bond
The proceeds of the issuance – SEK900m in total – will be used to finance IFAD’s development projects throughout the world
NBIM warns ESMA against negotiated transactions wording in MiFIR
‘Regulation should not disadvantage European firms facing international competition,’ says Norwegian SWF manager
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.
Alecta CEO: ‘It’s taken a lot of blood, sweat and tears, but we are on the right track’
Peder Hasslev’s has made a variety of investment strategy changes, including increasing the holdings in its equity portfolio
Swedish Pensions Agency pushes back after watchdog’s Heimstaden Bostad censure
Finansinspektionen rules Pensions Agency failed in its risk control work, fell short of legal requirements to make the investment in the troubled residential firm
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
Velliv finds new CIO in Nordea AM’s private markets chief
Lea Vaisalo will preside over index-based strategy, whose advent involved exit of alternatives, active equity teams
Kåpan Tjänstepension makes first investment in IFAD sustainable bond
The proceeds of the issuance – SEK900m in total – will be used to finance IFAD’s development projects throughout the world
NBIM warns ESMA against negotiated transactions wording in MiFIR
‘Regulation should not disadvantage European firms facing international competition,’ says Norwegian SWF manager
Denmark’s PFA moves equities closer to benchmark but stays active
Danish commercial pensions heavyweight puts more equity risk into customer profiles, continuing Danish journey to market-rate pension saving
Denmark’s PFA reduces equities overweight ahead of Trump’s tariffs
Copenhagen-based pension fund still sees global economy as strong enough this year to support positive stocks development
Alecta aims to become industry leader in risk management, after review
Swedish pension overtaken by AP7 as Sweden’s largest pension fund
Danish pensions lobby proposes government issue defence bonds
IPD says issuing defence bonds could also send a signal on ‘legitimacy’ of arms as investment assets
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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