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.
Norway’s SWF sets out plan to become $40-70bn private equity investor
Tangen says now is very good time to start building private equity portfolio, with discounts available in secondary market
Sudden exit for Alecta’s legal chief as troubled giant gives legal more focus
Swedish pensions firm announces reorganisation aimed at clarifying division of responsibilities
Swedish agency outlines next €17bn of premium pension tenders
FTN flags first index categories as next two procurements at end 2023 or early 2024
Country report – Pensions in Nordic Region (June 2023)
Reputational issues are front of mind for the board of Alecta, Sweden’s largest pension fund, as it continues to digest the fallout from its ill-starred investments in Silicon Valley Bank and two other US financial institutions that collapsed in March this year.
Country Report – Pensions in the Nordic Region (December 2022)
Nordic pension funds are getting to grips with biodiversity and natural capital in their investment portfolios, seeking to measure both the impact of companies they invest in and ways they can limit adverse effects on nature. Like other investors globally, many are just at the early stages of thinking about this - how they measure biodiversity, which metrics and approaches are gaining acceptance, and how best to report to stakeholders.
Danish pension funds’ unlisted allocations reach 23%
IPD CEO defends alternatives from critics: ‘Unlisted investments are important parts of the economic cogwheels in our society.’
TELA warns pensions stabilisation system could mean end to defined benefit
Finnish government’s plans for pensions reform must be discussed well in advance, says lobby group
Nearly half of Danes want ATP to lose its monopoly, lobby argues
SME lobby publishes poll showing 44% of sample prefer to choose a provider for their mandatory ATP pension savings
Sweden’s FSA reports individuals to police for corruption in Alecta/Heimstaden case
Alecta says own lawyers’ investigation into circumstances around the making off Heimstaden Bostad investment indicated violations of the law
KLP posts Q3 loss after NOK6bn property write-down
Norwegian pensions major says competitive situation stable, despite losing two municipal clients
Varma picks Ortec for performance management software
Finnish pensions heavyweight says Ortec product gives better understanding of sources of value
PFA predicts late-year boost for stocks as interest rates stabilise
Danish pensions giant still has ‘good exposure’ to tech’s big-seven stocks, and banks and pharma, says Choi Danielsen
KLP flies to China to overcome mining company brush-offs
If mining companies don’t take responsibility, KLP may exclude them from the portfolio, says Kiran Aziz
Nigerians tell NBIM its information on Shell-linked damage is one-sided
NBIM says now in the process of evaluating progress towards its engagement objectives and next steps
Academic slams NBIM CEO backing of BlackRock gender research
London Business School professor accuses NBIM leader of spreading misinformation with social media post about ‘seriously flawed’ BlackRock gender diversity report
Langensjö amazed Swedish buffer fund reform ‘still alive’ after decade dormant
Former AP Funds inquiry chief says government’s new review is a chance to make system more efficient and better governed
Norwegian SWF manager defends securities lending
Folketrygdfondet’s bonds chief Sæbø says lending shares ‘naturally belongs to a long-term investor’
LD Pensions launches tender for portfolio analysis, risk management system
Plus: Investor in Switzerland tenders USD1bn small-cap equity mandate
Private equity managers are keeping pension funds happy – in most cases
The private equity industry faces significant pressures. IPE asked Nordic pension funds about their experience with this growing asset class.
Sweden’s Alecta seems immune from criticism but beware the watchdog
Right now, Alecta cuts a strange figure – one of Europe’s biggest pensions institutions wounded after gaping investment losses, and sustaining still worse injuries from the monopolistic hubris it leaves in its wake.
Sampension and PBU link up to push multinationals on responsible tax
Danish pension funds work with Nordea AM and Engagement International, calling out large tech companies for low tax ratios
PKA extends green credentials to swaps exposure with $1bn Osmosis deal
Danish labour-market pensions firm uses new product as Osmosis fills “important gap in the market”
IPD calls for pensions law changes to foster flexible retirement
Danish pensions lobby’s poll shows 57% of population envision working after retirement age – provided they could reduce hours beforehand
Ilmarinen chief says solvency rules ‘short-sighted and encourage procyclical behaviour’
Varma increases year-to-date returns in Q3, besting other three Finnish pension insurers; Elo writes down direct property holdings
Sweden’s newly-expanded pensions group agrees to pension pauses
Eight-party policy setting panel also agrees to carry out a review with the goal of a more flexible withdrawal of the occupational pension
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