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
Norway bumps up SWF spend once more in 2025 budget
Finance minister says deeper delve into oil fund needed to make good on defence promises, and bolster police and hospitals
ATP hands portfolio companies own CSRD reporting wishlist
Danish pensions giant warns ‘over-reporting’ of new ESG rules could drown out the relevant data for the €92.9bn investor
Danish pensions lobby warns against plethora of reform ideas
‘Simply not enough money’ in labour-market pensions to finance home buying, further education, family time and several years of pension, says Kent Damsgaard, IPD chief
Alecta, AMF plough more money into ailing Swedish battery firm Polarium
Swedish pension fund duo participate in Polarium’s SEK500m convertible preference share issue
Danish think-tank says ATP should put all investment out to tender
Free-market think tank CEPOS says ATP is ‘relic of the past’ and does not suit today’s pension system
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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Danish politics focuses on the good life
Pensions and the labour market were the focus of end-of-summer political pronouncements in Denmark this year. If brought into action, some of the ideas could lead to forward-thinking changes to pensions.
Norway bumps up SWF spend once more in 2025 budget
Finance minister says deeper delve into oil fund needed to make good on defence promises, and bolster police and hospitals
ATP hands portfolio companies own CSRD reporting wishlist
Danish pensions giant warns ‘over-reporting’ of new ESG rules could drown out the relevant data for the €92.9bn investor
Danish pensions lobby warns against plethora of reform ideas
‘Simply not enough money’ in labour-market pensions to finance home buying, further education, family time and several years of pension, says Kent Damsgaard, IPD chief
Alecta, AMF plough more money into ailing Swedish battery firm Polarium
Swedish pension fund duo participate in Polarium’s SEK500m convertible preference share issue
Denmark's PKA transitions most of equity portfolio to bespoke ESG swaps
PKA, the Danish occupational pension fund for the social and healthcare sectors, transitioned the majority of its global equity portion in June to direct indexing for its total return swaps (TRS) trades to better implement its sustainability criteria.
How two pension funds are already using AI
PGGM is using large language models in ESG, generic AI in forecasting to improve on quant models and ChatGPT to improve coding.
Danish think-tank says ATP should put all investment out to tender
Free-market think tank CEPOS says ATP is ‘relic of the past’ and does not suit today’s pension system
Swedish retail chain taps Nordea to invest new pension foundation
Jula establishes own pension scheme for ITP 1 employees; plans to extend in-house offering for SAF-LO in the future
AP3 favours passing axed buffer fund’s assets to just one fund
Consolidating Stockholm trio is better solution, AP3 says, than increasing mandatory cooperation between the buffer funds
Swedish agency extends Swedish equities tender; gives details on global equities
FTN publishes preliminary specifications for actively managed global equity funds, and firms up launch date, specifying month of November.
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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