IPE's Nordic Region Coverage – Page 192
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NewsSwedish MPs pensions to keep unfunded DB structure
[16:00 CEST 08-10] SWEDEN - Reforms of the pension provision for the Swedish members of parliament will not now change the current unfunded defined benefit structure.
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NewsDanica calls for full disclosure of pension costs
[16:53 CEST 07-10] DENMARK - The managing director of Denmark’s Danica Pension promised full disclosure of the company’s pension costs and said legislation may be called for if others do not follow suit.
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NewsDanish women to retire early
[16:02 CEST 07-10] DENMARK - Women in Denmark are much more likely to retire early than men, according to a study carried out for pensions provider PFA Pension.
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Danish insurer-led pensions are cheaper - F&P
[14:45 CEST 02-10] DENMARK - The running costs of Denmark’s mandatory labour market pension schemes have fallen by around 12% since 2002, but company schemes remain far more expensive and have hardly reduced costs at all, according to new industry figures.
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Recovery allows Danica to improve pension terms
[16:10 CEST 30-09] DENMARK - Danica Pension, part of Denmark’s Danske Bank, has raised the account yield on its traditional pension plan and lifted the transfer penalty it introduced last autumn to deal with underfunding.
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Finnish pensions may recover quickly
[17:05 CEST 29-09] FINLAND – Finnish pension insurance companies may see investment incomes in 2009 recover the significant losses from last year quicker than expected, although there is still a need for people to work longer, Ilmarinen has claimed.
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Industriens gains lift from equity exposure
[16:00 CEST 29-09] DENMARK - Industriens Pension, the Danish pension fund, generated an investment return of 16% in the first eight months of this year, with the growth largely won on the back of its increasing exposure to equities.
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Danes predict state pensions to fade like the dodo
[15:30 CEST 28-09] DENMARK - Confidence in the Danish basic state pension has faded because of perceived pressure on the public purse, as a new poll suggests 50% of younger working women believe the state pension will not exist when they retire.
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Finnish pension providers show strength in recession
[16:35 CEST 25-09] FINLAND – Finanssivalvonta, the Finnish Financial Supervisory Authority (FIN-FSA), has claimed the country's financial sector could cope with a "very severe recession", following the results of stress tests on the capital adequacy of banks and pension insurance companies.
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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.
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Premiesparfonden outperforms average PPM fund
[17:00 CEST 17-09] SWEDEN – The Swedish pension default fund Premiesparfonden, run by Sjunde AP-fonden (AP7), has outperformed the average fund in the Premium Pension System (PPM) with a return of 23.2% in the eight months of 2009.
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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.
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Danish pensions buoyed by investment returns
[17:20 CEST 02-09] DENMARK - Improved investment results have boosted returns at several of Denmark’s pension funds in the first half of the year, but weak workforce mobility and job losses have hit contribution and transfer income for some funds.
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FeaturesFinland: Temporary solution
Reeta Cevik assesses proposals to evaluate temporary investment regulations and to raise the retirement age
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FeaturesIceland: After the meltdown
Icelandic pension funds may no longer invest abroad, but hope that this restriction will be lifted as soon as possible, finds Christine Senior
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Norway: Little interest in new individual savings system
Christine Senior assesses regulatory developments around pensions in Norway
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FeaturesSweden: Green giant
Aside from concerns about the performance and costs of the AP buffer funds, the government has also outlined an ESG agenda for institutional investors, writes Robert Melia Watson
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NewsVER returns 5.3% on equity gains
[17:00 CEST 28-08] FINLAND – Improvements in equity markets helped Valtion Eläkerahasto (VER), the State Pension Fund, post a return of 5.3% in the first half of 2009.
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NewsAP3 rises 5.2% but warns system rebalancing takes time
[16:55 CESt 28-08] SWEDEN – Tredje AP-fonden (AP3), one of the four buffer funds, reported a net first half return of 5.2%, but warned the pension system's balancing mechanism will still be activated in 2010 meaning pension benefits and entitlements will not be indexed in line with wage growth.
