IPE's Iceland Coverage – Page 6
-
NewsIcelandic funds 'optimistic' about relaxation of capital controls by 2016
Finance minister expected to place Bill before Parliament this week, unlikely to be full lifting of restrictions
-
NewsUK schemes able to expedite wind-up process after High Court ruling
Ruling allows pension schemes to sell s75 debt to third-parties, speeding up winding-up process after sponsor insolvencies
-
Country Report
Pensions In Nordic Region: Staring contest
There is no end in sight to capital controls, despite the government’s tentative first steps towards easing the restrictions that have been in place since 2008, writes Carlo Svaluto Moreolo
-
NewsIcelandic pension funds recover from financial crisis, says OECD
GLOBAL – Pension funds reported strong returns last year, with Icelandic funds recovering all losses made during 2008, according to a report by the Organisation for Economic Co-operation and Development (OECD).
-
News
Icelandic pension assets near €12bn
ICELAND – Net pension fund assets at the end of April increased by ISK16bn (€102m) over the month, following increases in both equity and fixed income investments.
-
News
Overseas equities drive up Icelandic pension assets
ICELAND – Net pension fund assets at the end of March increased by approximately ISK44bn to ISK1.846trn (€11.3bn) as the value of foreign equity investments increased, figures from the Central Bank of Iceland have revealed.
-
NewsIcelandic schemes to learn from financial crisis
ICELAND – Stricter demands on brokers and asset managers and increased involvement in shareholder meetings are among the recommendations for pension funds put forward by an IPFA committee investigating lessons learned from the financial crash.
-
News
Icelandic pension fund assets estimated at €10bn
[16:20 CET 21-01] ICELAND – An increase in the value of domestic securities and Housing Financing Fund (HFF) bonds led Icelandic pension fund assets to rise by ISK18.8bn (€105.2m) in November 2009.
-
News
Icelandic pensions establish private equity fund
[16:10 CET 11-12] ICELAND – Sixteen Icelandic pension funds have co-founded the Icelandic Investment Fund (Framtakssjóður Íslands), which is designed to invest in domestic companies that have suffered in the financial crisis but which show potential.
-
News
Tax changes to Icelandic pensions could be 'hazardous'
[17:05 CEST 09-10] ICELAND – Proposals by the opposition political party, the Independence Party, to alter the taxation of pension fund savings has been described as "hazardous" by both the Icelandic Pension Funds Association (IPFA) and the Confederation of Icelandic Employers (SA).
-
NewsIcelandic pension funds lost 21.78% in 2008
[16:30 CEST 18-09] ICELAND – The real rate of return for Icelandic pension funds was -21.78% in 2008, while the value of net assets dropped by 6% to ISK1.6trn (€8.8bn), the Icelandic Financial Supervisory Authority (FME) has revealed.
-
News
Icelandic pensions to set up specialist fund
[16:30 CEST 15-09] ICELAND – Icelandic pension funds are in the process of finalising details of the Icelandic Investment Fund (IIF), which will invest in domestic businesses that have suffered in the economic crisis.
-
News
Icelandic pensions lost 25% net in 2008
[16:30 CEST 29-06] ICELAND - The Pension Fund for State Employees (LSR) and pension fund for nurses (LH), the largest pension fund in Iceland, has reported a net real return of -25.2% in 2008.
-
News
Iceland to allow 'temporary' access to 3rd pillar savings
[14:30 CET 11-02] ICELAND – The Icelandic government plans to introduce legislation allowing holders of individual pension accounts to access their savings early to meet “dire financial difficulties”.
-
Features
Outstanding performance from innovative newcomer
The Gildi Pension Fund is a new name in Icelandic pensions, but it has now won the country award in the first year of its existence. The fund was established on 1 January 2005, from the merger of two pension funds, the Framsyn Pension Fund and the Seamen’s Pension Fund. ...
