All Country Reports
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Country ReportNordic Region pension funds report 2025: ATP hits back at critics on risk structure
An academic discussion in a leading business journal has spilled over into a fully fledged debate with the fund’s leadership
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Country ReportAP funds merger: Sweden’s capital reshuffle
The reform of the country’s AP buffer funds has attracted both praise and controversy with questions remaining over governance, transparency and the preservation of expertise in unlisted assets
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Country ReportSweden and Denmark: a tale of two equity markets
Sweden’s equity market is powering ahead while Denmark’s languishes thanks to its high pharma and green energy exposure. The two countries’ pension funds also differ in their approach to local markets
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Country ReportWhen Norges Bank let the cameras in
The internal workings of Norway’s €1.7trn Oil Fund may be a mystery to many of the county’s own citizens – but no longer, thanks to a TV documentary aired earlier this year
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Country ReportVER's Löyttyniemi prepares for an elegant exit
Timo Löyttyniemi, CEO of Finland’s VER, retires next year after 18 years in the role. But, as he tells Rachel Fixsen, he very much plans to remain in the industry
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Country ReportWho’s who in Nordic pensions
Pensions investment is big business in the Nordic region, with six of Europe’s 10 largest pension funds located in Norway, Denmark or Sweden. IPE profiles six figures whose decisions are critical for Nordic pension funds
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Country ReportNetherlands country report 2025: Is the fiduciary management outsourcing trend set to continue?
Time to throw in the towel? Now even established in-house teams are shutting up shop
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Country ReportDutch Pension funds see merits and drawbacks in concentrated portfolios
Over the past 15 years or so, the vast majority of Dutch pension funds have largely switched from active management to some form of index investing. But some are now going back to active management and towards more concentrated portfolios.
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Country ReportDutch pension regulatory changes: what you need to know
The road from drawing board to statute books has been long, but the majority of pension funds are now preparing for implementation of the new DC model by January 2028
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Country ReportThe long goodbye to liability-driven investing
Pension funds will have to make decisions about the timing of their transition to the new pension system, as well as about member risk tolerances and the best new asset allocation frameworks
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Country ReportThe rise and fall of Agnes Joseph
An actuary who swapped numbers for politics to fight pension reforms.
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Country ReportFive key players in Dutch pensions
From an advocate of sustainable investing to a crusader against misinformation and an early mover on fossil fuel stocks, we highlight some of the leading voices and familiar faces in the Dutch pension sector at a time of unprecedented structural reform
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Country ReportFrance country report 2025: The rise – and rise – of the French IORP
France’s approach to the IORP framework introduced in 2019 has propelled it into fourth place in size in Europe
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Country ReportItaly country report 2025: Pension funds step out of their comfort zone, diversify portfolios
While maintaining a domestic bias, Italian institutions are venturing into new asset classes to further diversify their portfolios
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Country ReportCase study: Italian pension fund Enpam creates two-part investment portfolio
Doctors’ fund is repackaging assets into cash flow-matching and return-seeking parcels
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Country ReportCase study: Italian notaries pension fund CNN advances into private markets
Fund models strategy around macro-trends
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Country ReportItalian pension funds consolidation grinds to a halt
Mergers between pension funds have been too few to have an impact on the Italian pension industry
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Country ReportCasse di previdenza put under the spotlight
First-pillar pension funds have faced parliamentary scrutiny over their investments, returns and relationships with advisers
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Country ReportUK country report 2025: Defined benefit pension schemes face surplus unlock dilemma
Defined benefit pension schemes could face some tough decisions on how to deal with surpluses if planned legislative changes to ease access come into effect
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Country ReportVirtue or folly? UK pension funds eye domestic market investments
Canada, the Netherlands, Scandinavia and Australia all have considerable pension assets invested in their local economies – is it time for the UK to follow suit?
