Norway: Pensions and Investment News and Analysis
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 Report 2024: Denmark’s government urges pension funds to support defence
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
TOP NORWEGIAN PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- Norway Government Pension Fund Global | 1,548,996.540
- Kommunal Landspensjonskasse (KLP) | 91,052,710
- Folketrygdfondet | 31,176,585
- Oslo Pensjonsforsikring | 12,160,373
- Equinor | 5,131,318
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
Tangen now being ‘more bureaucratic’ after texts with Musk make headlines
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
Norway’s SWF rekindles Trump-backed end to quarterly reporting
NBIM says mandatory quarterly reporting by businesses can lead to short-term decision-making, hindering sustainable growth and innovation
Sampension urges mental well-being action, despite dip in early-retirement
Norway’s political parties agree to abolish mandatory early retirement for armed forces, police, prison staff
AP7 indicates BlackRock’s NZAM exit could affect future mandates
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance
NBIM proposes cutting smaller EM stocks from SWF’s benchmark
Proposed change would excise thousands of Chinese stocks from GPFG’s €1.7trn portfolio
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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IPE BEST PENSION FUND IN THE NORDIC REGION AWARD WINNERS
Nordic Region
- 2023 - The Swedish Fund Selection Agency
Denmark
- 2022 - Industriens Pension
- 2021 - PensionDanmark
- 2020 - PensionDanmark
- 2019 - ATP | PensionDanmark
Norway
- 2022 - KLP
Sweden
- 2022 - Alecta pension insurance, mutual
- 2021 - Fjärde AP-fonden (AP4)
- 2020 - Fjärde AP-fonden (AP4)
- 2019 - Swedish Pensions Agency
Interviews
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Why Norway's rebuff to oil fund over private equity is all about pay and equality
It would be hard to argue that Norway’s sovereign wealth fund is not diversified, but its range of permitted asset classes is narrower than that of peers.
Tangen now being ‘more bureaucratic’ after texts with Musk make headlines
Disclosure of text chat between NBIM CEO and Tesla chief draws intense media attention in Norway
Norway’s SWF rekindles Trump-backed end to quarterly reporting
NBIM says mandatory quarterly reporting by businesses can lead to short-term decision-making, hindering sustainable growth and innovation
Sampension urges mental well-being action, despite dip in early-retirement
Norway’s political parties agree to abolish mandatory early retirement for armed forces, police, prison staff
AP7 indicates BlackRock’s NZAM exit could affect future mandates
Sweden’s biggest state pension fund to meet world’s largest asset manager ‘to better understand’ decisions after BlackRock fled net zero alliance
IPE Nordic Briefing: Denmark’s PenSam boosts property portfolio
Plus: PFA Klima Plus generates high returns; NBIM pushes Council of Institutional Investors (CII) on unequal voting structures at companies
NBIM proposes cutting smaller EM stocks from SWF’s benchmark
Proposed change would excise thousands of Chinese stocks from GPFG’s €1.7trn portfolio
Norway SWF urges CII to go further combatting ‘stealth dual-class structures’
NBIM gives views to Council of Institutional Investors on proposed policy changes on unequal voting structures
Norway’s pension providers at odds over paid-up policy proposals
Pension funds lobby calls for separate treatment for its members, while banking and insurance industry advocates same requirements for all providers
IPE 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
Alecta starts arbitration against Heimstaden, claiming agreement was breached
Swedish pension fund argues billionaire Ivar Tollefsen’s investments in new subsidiary went against Heimstaden Bostad shareholder agreement
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