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.
Pension Funds in the Nordic Region - Country Report
Nordic Region pension funds report 2025: ATP hits back at critics on risk structure
An academic discussion in a leading business journal has spilled over into a fully fledged debate with the fund’s leadership
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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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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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
IPE Nordic Briefing: Swedish manager slams FTN’s procurement process
Plus: Finland’s pensions debate continues ahead of next year’s general election
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Norway tells SWF to put big-tech concentration risk under microscope
Finance ministry follows up on January’s advice from GPFG’s new expert panel, asking central bank to probe bonds strategy, geopolitical and concentration risk
NBIM’s backing for green shareholder proposals plunges amid polarisation
Norway’s SWF says fewer sustainability-linked proposals made it to the ballot, adding that quality was poorer
NBIM sets guardrails on corporate use of environmental attribute certificates
Oil fund manager makes clear companies should prioritise reducing emissions from own operations and value chains
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IPE Nordic Briefing: Iceland sees pension fund merger activity
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