Norway Investment and Pensions
Key changes to pensions in Norway of late have been tweaks to supplementary provisions and reserves that should allow greater risk-bearing capacity, and the migration of the AFP second-pillar scheme from an early retirement system to a lifelong occupational pension top up. This is to incentivise longer working lives. There is also now greater competition in the municipal pensions market with the re-entry of Storebrand to the market as a challenger to the dominant provider KLP.
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TOP NORWEGIAN PENSION FUNDS 2025
Pension fund/entity | Assets (€’000)
- Norway Government Pension Fund Global | 1,657,449,581
- Kommunal Landspensjonskasse (KLP) | 101,052,311
- Folketrygdfondet | 32,227,823
- Oslo Pensjonsforsikring | 12,816,783
- Equinor | 5,300,833
©IPE Research; View the Top 1000 European Pensions Funds 2025 for a comprehensive market overview
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NBIM responds to FCA’s proposed new sustainability disclosure rules for listed companies; calls for timelines for Scope 3 emissions reporting to become mandatory
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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Sampension, KLP among Nordic pension funds warning EU off Arctic oil U-turn
Commission urged to double down on commitment “to protect the fragile ecosystems north of the Arctic Circle from new oil and gas infrastructure”
PKA chief hands ultimatum to politicians on state aid after Morrow loss
‘We want to support Europe. We want to contribute to the green transition,’ says CEO Jon Johnsen
IPE Nordic Briefing: Alecta keeps ITP mandate despite FSA fine
Plus: Norway’s NBIM on the importance of AI technology and US tech stocks concentration
NBIM tells Brussels Europe’s shareholder voting chain is not working
Norway’s SWF manager laments ‘fragmented system that undermines effective shareholder voting’ and makes it harder to support companies
NBIM’s Tangen warns lawmakers of SWF’s unprecedented big tech concentration
AI development going faster ‘than seen before’, says NBIM CEO, as finance minister points to ‘great risk’ of concentration
NBIM beats benchmark in Q1, as three of SWF’s four asset classes contract
Norway’s giant SWF takes -1.9% hit on investments in the first quarter, with only unlisted real estate in positive territory at end of March
Norway’s SWF says all companies should add staff ownership schemes
Nicolai Tangen says share ownership plans ‘not about corporate social responsibility’ but ‘making good long-term financial decisions’
Norway’s SWF says UK should be stricter in green reporting proposal
NBIM responds to FCA’s proposed new sustainability disclosure rules for listed companies; calls for timelines for Scope 3 emissions reporting to become mandatory
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