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.
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
Pension fund/entity | Assets (€’000)
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Simpler rules should be enforced by ‘risk-based supervision with strong discretionary tools’, Nordic watchdogs tell EIOPA, ESMA, EBA heads
NBIM reports 4.4% return for GPFG between July and September, as falling interest rates propel stock markets
Smaller dormant accounts at risk of being entirely lost to administration fees, authority says in new report
Norwegian SWF ends observation status for Australia’s BHP Group and US utility Southern Co and brings five excluded stocks back into investment universe
NBIM announces €1bn of exclusions from its investment universe, in latest batch of companies falling foul of the GPFG’s ethical guidelines
Company | Assets (€m)
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
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Nordic Region
It would be hard to argue that Norway’s sovereign wealth fund is not diversified, but its range of permitted asset classes is narrower than that of peers.
Simpler rules should be enforced by ‘risk-based supervision with strong discretionary tools’, Nordic watchdogs tell EIOPA, ESMA, EBA heads
NBIM reports 4.4% return for GPFG between July and September, as falling interest rates propel stock markets
Smaller dormant accounts at risk of being entirely lost to administration fees, authority says in new report
Norwegian SWF ends observation status for Australia’s BHP Group and US utility Southern Co and brings five excluded stocks back into investment universe
NBIM announces €1bn of exclusions from its investment universe, in latest batch of companies falling foul of the GPFG’s ethical guidelines
Equities were only asset class to produce positive returns for GPFG between January and June, interim report shows
Norwegian SWF manager works with UNICEF to highlight companies’ impact on children’s rights through their digital activities
Government ‘seems to be picking a fight with Brussels’ by rejecting ESA’s backing of complaint over lack of mandatory municipal pensions tendering, Hippe says
Investment giant suggests topics could include the impact of financial decisions on real-world outcomes
KLP and PGGM also deemed ‘misaligned with societal expectations’