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
IPE Nordic Briefing: Norway opens Arctic division of SWF
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
NBIM calls for united capital markets supervision to help Europe catch up
‘Better and simpler regulation is key to facilitate capital market evolution,’ Norwegian SWF tells EU Commission
Norway defends legality of SWF’s Palestine-linked investments
UN rapporteur says 6.9% of GFPG invested in firms backing ‘egregious violations of international law’ in occupied Palestine
Arctic SWF unit opens for business in Tromsø
Finance minister says new state fund will foster stronger financial environment in Northern Norway
Nordic pension funds hold off on dialling down strategic US exposure
Danish pension funds favoured European equities in Q1, central bank data shows
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.
IPE Nordic Briefing: Norway opens Arctic division of SWF
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
NBIM calls for united capital markets supervision to help Europe catch up
‘Better and simpler regulation is key to facilitate capital market evolution,’ Norwegian SWF tells EU Commission
Norway defends legality of SWF’s Palestine-linked investments
UN rapporteur says 6.9% of GFPG invested in firms backing ‘egregious violations of international law’ in occupied Palestine
Arctic SWF unit opens for business in Tromsø
Finance minister says new state fund will foster stronger financial environment in Northern Norway
Nordic pension funds hold off on dialling down strategic US exposure
Danish pension funds favoured European equities in Q1, central bank data shows
Norway’s SWF warns SBTi against ‘overly complex, unrealistic’ standard
NBIM responds to climate action body’s draft revised net-zero standard, saying that driving widespread, meaningful action matters more than ‘technical perfectionism’
Nordic pension funds vow pressure on Equinor after AGM ‘disappointment’
‘Equinor is clearly moving in the wrong direction,’ says Sampension ESG chief; KLP rejects divestment
IPE Nordic Briefing: Sweden’s buffer funds feel heat over Northvolt investment
Plus: Sweden’s all-party Pensions Group mulls over reforms; Oslo university professor takes chair role at expert council to advise Norway’s SWF
Norway’s SWF rejects ethical council’s advice to ditch €2bn Rio Tinto stake
NBIM blacklists another Israeli company for facilitating the West Bank settlements
Oslo professor to lead new GPFG panel with active management review role
Karen Helene Ulltveit-Moe picked to chair three-strong SWF council established to help ministry decide how NOK18.7trn fund should be run in future
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