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

IPE nordic forum 2022

Denmark’s government urges pension funds to support defence

Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to

TOP NORDIC REGION PENSION FUNDS 2023

Pension fund/entity | Assets (€’000)

Denmark

  1. PFA Pension | 100,027,425
  2. Arbejdsmarkedets Tillaegspension (ATP) | 91,139,828
  3. Danica Pension | 69,990,815
 

Finland

  1. Keva | 62,235,000
  2. Ilmarinen | 57,505,128
  3. Varma Mutual Pension Insurance Co. | 56,600,600
 

Iceland

  1. Lífeyrissjóður starfsmanna ríkisins | 8,509,100
  2. Lífeyrissjóður verslunarmanna | 7,719,326
  3. Gildi lífeyrissjóður | 6,009,393
 

Norway

  1. Norway Government Pension Fund Global | 1,302,088,528
  2. Kommunal Landspensjonkasse (KLP) | 83,656,362
  3. Folketrygdfondet | 34,998,363
 

Sweden

  1. Alecta Pensionsförsäkring | 103,391,953
  2. Sjunde AP-fonden (AP7) | 80,722,620
  3. AMF | 65,334,555

©IPE Research;  See IPE’s Top 1000 Pension Funds for the full ranking

Key fund data for Denmark

Denmark key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022 *Data on asset allocation in these figures include both direct investment in equities, bills and bonds, cash and deposits and indirect investment through CIS when the look-through of CIS investments is available. Otherwise investments by pension funds in CIS are shown in a separate category.

Key fund data for Finland

Finland key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022

Key fund data for Iceland

Iceland key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022

Key fund data for Norway

Norway key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022

Key fund data for Sweden

Sweden key pension data

Sources: Pension assets - IPE research; Occupational pension assets as % of GDP - OECD June 2022; Working population, data as of end 2021 - World Bank; Projected old-age dependency ratio 2050 per 100 people - Eurostat 2021; Gross average replacement rate - OECD Pensions at a Glance, 2021; Asset Allocation - OECD Pension Funds in Fugures, June 2022 *Data on asset allocation in these figures include both direct investment in equities, bills and bonds, cash and deposits and indirect investment through CIS when the look-through of CIS investments is available. Otherwise investments by pension funds in CIS are shown in a separate category.

TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS

Company | Assets (€m) 

  1. SEB | 65,000*
  2. BlackRock | 61,541
  3. DNB Asset Management | 53,712**
  4. Nordea Asset Management | 52,442
  5. Storebrand Asset Management | 35,386***
  6. State Street Global Advisors | 29,768
  7. Nykredit Asset Management | 26,163
  8. Northern Trust Asset Management | 22,607
  9. Morgan Stanley Investment Management | 8,936*
  10. Amundi | 8,344

As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22

©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report

IPE European Pension Fund Awards

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

Find out more about the IPE awards and how to be involved