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
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)
- Norway Government Pension Fund Global | 1,548,996.540
- Kommunal Landspensjonskasse (KLP) | 91,052,710
- Folketrygdfondet | 31,176,585
- Oslo Pensjonsforsikring | 12,160,373
- Equinor | 5,131,318
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
NBIM’s foray into hedge funds fails to impress Norwegian critics
Hedge fund strategies could divert management’s attention from SWF’s core financial operations, warns Oslo professor
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’
NBIM warns ESMA against negotiated transactions wording in MiFIR
‘Regulation should not disadvantage European firms facing international competition,’ says Norwegian SWF manager
Independent pension funds outperform KLP in Norway’s municipal sector
Pensjonskassen for Fylkene points to disability pensions outlay as a differentiating factor with dominant provider KLP
Norway’s central bank flooded with male applicants for SWF chief job
‘We would like to see a more even gender distribution,’ says Norges Bank
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
Interviews
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Why Norway's rebuff to oil fund over private equity is all about pay and equality
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.
NBIM’s foray into hedge funds fails to impress Norwegian critics
Hedge fund strategies could divert management’s attention from SWF’s core financial operations, warns Oslo professor
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’
NBIM warns ESMA against negotiated transactions wording in MiFIR
‘Regulation should not disadvantage European firms facing international competition,’ says Norwegian SWF manager
European pension funds react to the anti-ESG backlash
Despite political and market headwinds, European pension funds remain firmly committed to achieving net-zero and long-term climate goals
Independent pension funds outperform KLP in Norway’s municipal sector
Pensjonskassen for Fylkene points to disability pensions outlay as a differentiating factor with dominant provider KLP
Norway’s central bank flooded with male applicants for SWF chief job
‘We would like to see a more even gender distribution,’ says Norges Bank
IPE Nordic Briefing: Sweden’s national pensions buffer funds to be trimmed down
Plus: ATp on guarantee-based business model; Norway’s SWF returns
Norway’s new Arctic SWF unit hires first three portfolio managers
Ulf Nore, Tonje Roti and Ola Oppegaard appointed to work in Tromsø at Folketrygdfondet’s new asset management union from mid-April
Norway’s SWF puts Fincantieri under scrutiny over working conditions
NBIM takes Polish energy firm Orlen off observation list after press freedom concerns allayed
NBIM says ESG backlash less apparent at companies than in investor rhetoric
Norwegian SWF reports on its responsible investment activity in 2024
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