Finland and Iceland may not be obliged to follow Solvency II, but Finland is drawing up Solvency II-like regulation for its pensions industry
Links to social security systems give leeway to pension funds
Regulatory puzzle reveals structural weaknesses
As preparations for Solvency II proceed they are uncovering differing levels of preparedness and areas of concern
Losses spark calls for system redraft
Heightened political interest following a critical report and pressure to repatriate foreign assets threaten to undermine Iceland’s pension system
Complex issue of risk-free rate calculations still a sticking point
One of the key Solvency II issues is that insurers cannot calculate capital requirements without knowing how liabilities will be discounted
Langensjö to settle the debate around AP fund costs
Midway through its deliberations, the conclusions of the AP fund inquiry on the future of the Swedish buffer system are beginning to crystalise.
FSP Pension first casualty as further consolidation is on the horizon
AP Pension and FSP Pension agree rising competition was a factor in their decision to merge but differ over the role played by Solvency II
Banking law commission proposals signal changes to Norway’s pensions landcape
DNB Liv’s decision to stop taking on new DB and paid-up policies reflects a general uncertainty as the sector adjusts to new regulatory framework
Investors stand firm on alternative assets
Nordic investors are standing by their alternative investments despite the higher capital charges Solvency II will bring
Nordic governments rethink the tax status of their asset-rich pensions industries
Countries with a budget deficit are looking for the pension sector to plug the hole, as pension funds across the Nordics look for loopholes in the legislation with varying success
Mixed expectations for IORP II directive
As the European Insurance and Occupational Pensions Authority prepares for a public hearing for the IORP II directive review on March 1, the mood among the Nordic pensions sector appears to be strangely muted.
