All articles by Pirkko Juntunen – Page 6
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NewsSwedish roundup: Swedbank, SPP, Finansinspektionen, insurance commissions
SWEDEN – Jan Ridderwall, head of the life and pensions operations at Swedbank, is joining rival SPP as sales director. Ridderwall replaces Magnus Karlsson and joins SPP on 1 April.
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NewsNordic funds top chart in Swedish premium pension system for 2010
SWEDEN – Nordic fund managers took all five top spots in the performance chart of best performing funds within the premium pension system in Sweden, with assets of SEK408bn (€45bn).
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News
Swedish roundup: SRI, Storebrand, Collectum, Prognosia, AP7, Pensionsmyndigheten
SWEDEN – The majority of Swedes believe in sustainable pension investments, according to a study by SPP, the pension and insurance provider owned by Storebrand.
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NewsNordic roundup: Government Pension Fund Global, KPA Pension, Pensionsmyndigheten
EUROPE – The Norwegian Ministry of Finance is tendering for three consultants to advise on both the Norway Pension Fund Global (NPFG) and the Government Pension Fund Norway, the country’s national insurance fund.
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NewsSwedish roundup: Pensionsgruppen, Pensionsmyndigheten, Finansinspektionen, Nordea, AMF
SWEDEN – The Swedish government, through Pensionsgruppen, the multi-party pensions group, has authorised Swedish Pension Authority Pensionsmyndigheten to investigate reforming the country’s premium pensions system.
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NewsSwedish roundup: AP1, Willhem AB, KPA Pension, AMF
SWEDEN – AP1 is boosting its property portfolio by establishing its own real estate company, Willhem AB, and investing SEK7bn (€770m) in the asset class.
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NewsSwedish roundup: AP7, AP6, KVD Kvarndammen, Peter Norman, Handelsbanken
SWEDEN – Richard Gröttheim is taking over as chief executive at AP7 following the departure of Peter Norman, who joined the government as financial markets minister.
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NewsBaltic roundup: Lithuania, Latvia, Estonia
EUROPE – Lithuania's pension fund association has sued the government in the constitutional court after lawmakers reduced contributions to the private pension systems to offset budget deficits.
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NewsSwedish roundup: AP6, Repairshop, Pensionsgruppen, KPA Pension, SPP, Storebrand
SWEDEN – AP6, one of Sweden's national buffer funds, has sold its interests in Repairshop, a repair company for mopeds, after suffering losses of SEK40m (€4.3m) over the last two years, according to reports in the Swedish press.
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NewsSwedish roundup: Folksam, Svenska Lärarfonder, Skandia, Finansinspektionen, KP Pension, Handelsbanke
SWEDEN – Pension and insurance provider Folksam is to buy the insurance portfolio of Svenska Lärarfonder, the Swedish teachers’ fund manager, from rival pension and insurance company Skandia.
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NewsSwedish roundup: AP3, BlackRock, JP Morgan, AXA, M&G, Folksam
SWEDEN – AP3, Sweden's SEK209bn (€22bn) national buffer fund, has appointed 14 new regional corporate bond managers.
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NewsSwedish buffer fund AP1 sues Bank of NY Mellon over $35.5m loss
GLOBAL – AP1, one of the national Swedish buffer funds, is suing Bank of New York Mellon (BNYM) at the Commercial Court in London. The lawsuit revolves around losses of $35.5m (€25.8m) incurred by AP1 in 2008, which the buffer fund attributes to investment decisions taken by BNYM on behalf ...
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NewsSwedish roundup: EC on pension fund tax rules, SEB Trygg Liv Gamla, PP Pension, AP7, Al Gore
SWEDEN – The European Commission has urged Sweden to change its tax rules governing pension funds, which it says are discriminatory because they favour domestic funds over foreign ones.
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Features
AP7’s Peter Norman hired in ministerial reshuffle
The appointment of Peter Norman, former head of AP7, as the Swedish minister for financial markets, replacing Mats Odell, caught both the political and financial sectors by surprise. Those in financial markets were surprised that the politicians managed to make an unusually savvy choice, while those in finance were surprised ...
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Country Report
The Nordic Region: Folketrygdfondet The quiet sibling
Pirkko Juntunen reports on Folketrygdfondet, which manages the Government Pension Fund Norway and the Government Bond Fund within tight regional constraints
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Country Report
The Nordic Region: Sweden Home bias wanes
Pirkko Juntunen finds that competition reasons may sway domestic allocations among life and pension companies
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NewsNordic roundup: Skagen Fonder, PPM, Gjensidige, Alecta, AMF, Länsförsäkringar
EUROPE – Skagen Fonder, the largest foreign manager within the Swedish premium based state pension system PPM, is considering withdrawing its funds from the system.
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NewsSwedish roundup: Skandia Liv, Handelsbanken Liv, Swedbank, AI Pensions, AP7
SWEDEN – Skandia Liv, the life and pensions insurer, returned 6.7% for the first nine months of the year as a result of its high real estate holdings, which posted returns of 8.9% for the period.
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NewsWhite-collar workers in Sweden embrace pensions transfer rights
SWEDEN – Nearly one in 10 white-collar workers in Sweden have used transfer rights for pensions since they were introduced two years ago, according to a survey by Collectum, the administrator of the country's white-collar supplementary occupational pensions.
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FeaturesFinland: Stalling negotiations put reforms in gridlock
Government working groups and unions clashed over plans to increase retirement age, but legislation is on the way to improve risk management and solvency, writes Pirkko Juntunen
