IPE's Iceland Coverage
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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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AnalysisIPE Nordic Briefing: Norway’s SWF calls for lift of general freeze on Russian assets
Plus: Clarity for Icelandic pension funds on legal situation around provisions for changed life expectancy; Sweden’s financial watchdog on increased pension transfers
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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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AnalysisIPE Nordic Briefing: Iceland preps review of national pensions sytem
Plus: Iceland schemes reject banking rules; Sweden’s watchdog warns of risks for consumers on pension transfers
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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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Special ReportIceland: New law opens up rental markets
Reforms will lead to fundamental changes in Icelandic pensions
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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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Country ReportIceland’s Grindavik volcano underlines the unique and crucial role of pension funds
Pension funds step in to provide relief after Grindavík eruption
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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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Country Report
Icelandic pension funds show readiness to face challenges
The proposed liquidation of Iceland’s Housing Finance Fund is the latest of a string of challenges for Icelandic pension funds
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InterviewsIceland’s LV: Coping with disruption
Arne Vagn Olsen, CIO of Lífeyrissjóður verzlunarmanna (LV), Iceland’s Pension Fund of Commerce, talks to Carlo Svaluto Moreolo about strategy and the prospects for financial markets
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Special ReportIceland: Government faces pension fund ire over housing bond controversy
Pension funds have welcomed a relaxation in foreign investment rules but would have preferred a more liberal regime
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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
