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 buffer funds take stock after news two will disappear
AP1, the €41.4bn fund facing liquidation after 25 years, ‘will begin implementing the change’, says CEO Kristin Magnusson Bernard
Sweden slims pensions buffer system to three AP funds from five
Pensions group backs proposal to axe AP1 and merge AP6 into AP2
Tangen now being ‘more bureaucratic’ after texts with Musk make headlines
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
FTN expects errors and ambiguities in tender processes to lessen over time
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
ATP launches own external evaluation process; critic rues narrow scope
Danish statutory pensions giant announces former FSA chief will chair panel of otherwise mostly foreign experts to scrutinise its strategy and approach
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.
Swedish buffer funds take stock after news two will disappear
AP1, the €41.4bn fund facing liquidation after 25 years, ‘will begin implementing the change’, says CEO Kristin Magnusson Bernard
Sweden slims pensions buffer system to three AP funds from five
Pensions group backs proposal to axe AP1 and merge AP6 into AP2
European pension funds on investing in their home market: a delicate balance
Pension funds in Europe have been reducing their allocation to European assets, especially listed ones. While valuations may be attractive, there is little else to convince them to raise their investments in their home market
Tangen now being ‘more bureaucratic’ after texts with Musk make headlines
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
FTN expects errors and ambiguities in tender processes to lessen over time
Swedish premium pension procurement agency says goal is to maximise accurately completed tenders, which is best for the industry
ATP launches own external evaluation process; critic rues narrow scope
Danish statutory pensions giant announces former FSA chief will chair panel of otherwise mostly foreign experts to scrutinise its strategy and approach
Finnish pensions reform seen widening equity allocations by 10 points
Ilmarinen and Varma say increased volatility is price worth paying for the higher return potential that newly agreed investment reforms allow
Swedish funds lobby bemoans late changes, as FTN extends deadline again
Swedish Fund Selection Agency pushes deadline for active global equity tender back for second time, citing ‘ambiguities’ in the RFP
Folksam, KPA set 2030 climate targets, highlighting social impact
Swedish pensions group and municipal pension fund subsidiary follow NZAOA requirements to establish 50% emission reduction targets for investment assets
Iceland’s pension funds post 6.5% real return in 2024
Almenni Pension Fund sees mixed outlook, with uncertainty around global impact of new US regime, while earthquakes in Iceland may blight domestic economy
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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