Latest Iceland News
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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
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NewsIceland’s Almenni sees Q1 global equity returns boosted by krona weakness
Pension fund reports local currency slide almost doubled foreign equity returns, while most domestic stock prices fell in first quarter
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NewsIcelandic pension funds agree mortgage support for Grindavík
LSR, Gildi, Festa among 12 pension funds signing pact on government support for volcano-hit townsfolk struggling with mortgage obligations
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NewsIceland’s Gildi draws ire as pensions lobby works on loan relief for volcano town
Amid direct action from aggrieved Grindavik residents, pensions association explores following example of banking sector’s moratorium on interest and repayments granted to evacuated people
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NewsAlmenni makes 5% nominal H1 return, but inflation means zero real return
Icelandic pension fund says foreign equity prices rose between January and June, while domestic stock prices fell
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NewsIceland’s pension funds fear €1bn losses under housing bond plan
Pension fund group says on firm legal ground, and warns the government of years in court
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NewsIcelandic pension funds decry government reneging on housing bond terms
Pension funds are collectively largest owner of HFF bonds, which Icelandic government plans to terminate
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NewsIcelandic pension fund returns slump real 12% in 2022
Pension fund association says last year marked by higher domestic and international inflation and turbulent world markets
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NewsNordic pension funds tilt equity portfolios to value amid high inflation
Persistent high inflation could cause headaches for some providers, due to inflation-linked benefits - but hopes are high for slower price rises
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Icelandic pension fund foreign allocations shrink after H1 rout, stronger krona
Pension funds hit by 5.4% investment loss in first half of 2022, with foreign assets alone losing 14%, central bank data show
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NewsIceland’s central bank plans to review pension fund activities
Despite strong growth of pension funds and increased activities, law has still not been updated, says supervisor
