Latest Iceland News
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AnalysisIceland’s pension fund consolidation has further to go
Fewer pension funds mean more robust entities, but some diversity is good too, says LL chief
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NewsFrjálsi, Farmers’ Pension Fund emerge as latest Icelandic pensions fusion
Frjálsi Pension Fund set to boost its AUM to ISK622bn after signing letter of intent to merge with LSB
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NewsFrjálsi to merge with LTFÍ after unanimous member vote
In latest Icelandic pension fund merger to be approved by scheme members, fifth-largest provider Frjálsi to add 2% to total assets
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NewsAlmenni-Lifsverk to become Iceland’s fifth largest pension fund after vote
Brú and Akureyri pension funds receive confirmation of their merger from ministry
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AnalysisIPE Nordic Briefing: Norway’s Council on Ethics comes to a halt
Norway withdraws ethical investment rules for its sovereign wealth fund
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NewsIceland’s LV shifts entire foreign equities portfolio to segregated accounts
Pension Fund of Commerce completes three major investment management exercises - pooled funds to SMAs, new custodian, and SAA
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NewsIceland’s Brú takes over Akureyri municipal pension fund
Brú Pension Fund will keep LSA scheme separate, according to the terms of the agreement
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NewsAlmenni, Lífsverk agree merger as Icelandic pension fund consolidation continues
If fusion wins membership and government approval, new merged fund is set to start on 1 January
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NewsNorway, Ireland, Denmark climb in 2025 retirement-security ranking
Smaller countries can more easily reach consensus on key issues affecting pensioners, Natixis observes
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NewsIcelandic pension funds warn pensions bill offends against constitution
Gildi warns pension fund money needed for a big rise in disability pensions ‘will not be plucked out of thin air’
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NewsIceland’s Pension Fund of Commerce swaps custodian as portfolio evolves
JP Morgan wins competitive tender, taking over custody of LV’s foreign assets from BBH
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NewsAlmenni and Lífsverk eye merger to create Iceland’s fifth-biggest pension fund
Negotiations at early stage, say funds, aiming to complete talks by the summer
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NewsIceland’s pension funds post 6.5% real return in 2024
Almenni Pension Fund sees mixed outlook, with uncertainty around global impact of new US regime, while earthquakes in Iceland may blight domestic economy
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NewsIceland’s LV hails Supreme Court ruling liability increase was legal
Almenni Pension Fund calls the ruling ‘a precedent-setting decision for other pension funds’
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NewsKey benefit of Iceland’s additional pension extended ahead of election
Almenni board member says government would need to provide clear legislation in order for auto-enrolment of additional pension to work
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NewsIceland’s pension funds reject idea of subjecting them to bank rules
Central bank says given expected growth of pension funds, they should have rich opportunities for investing in diverse assets at home and abroad
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NewsIcelandic pension funds call for auto-enrolment of additional pension
Leaders at Frjalsi and Almenni pension funds argue participation in the 25-year-old scheme should be boosted by employers signing staff up as the default
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NewsNordic FSA chiefs urge EU regulators to simplify financial rulebook
Simpler rules should be enforced by ‘risk-based supervision with strong discretionary tools’, Nordic watchdogs tell EIOPA, ESMA, EBA heads
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NewsNetherlands retains top spot in Mercer pension ranking
Top three countries retain places despite slightly lower ranking compared with 2023 figures
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NewsIceland pensions lobby calls uncertainty over actuarial opinions ‘intolerable’
At LL’s AGM, pension funds discuss issues facing the sector, including prospect that reform plans will get going this year, after delay
