- New analysis by PFA shows the consequences of young people stopping saving for retirement when they are new to the labour market.

PFA’s calculation shows that 36 per cent of a typical Dane's pension wealth is created between the ages of 25 and 36.

"The figures make it clear how important the compound interest effect is and how much you're actually shooting yourself in the foot if you don't prioritise your pension when you're young," PFA private economist, Camilla Schjølin Poulsen, said.

"It's certainly not new knowledge that it's important to start saving early if you want to be financially robust and free later in life. But even I, having spent many years optimising my personal finances, was surprised to see how big the effect of the first 11 years of contributions actually is."

- Romania’s Council of the Financial Supervisory Authority (ASF) has adopted measures on the functioning of the supervised non-bank financial markets – insurance, capital markets and private pensions.

This relates to a draft rule on amending and supplementing the Financial Supervisory Authority's Rule No. 39/2015 on the approval of Accounting Regulations in line with International Financial Reporting Standards, applicable to entities authorised, regulated and supervised by the Financial Supervisory Authority in the Financial Instruments and Investments Sector, as well as the Investor Compensation Fund.

- Sweden’s Insurance Industry Occupational Pension Plan (FPK) has decided to reduce the premium for sickness pension and waiver of premium insurance by 100 per cent in Q4 2024.

The decision means that FPK's member companies will not be charged any premium during the period October-December 2024. In total, for all member companies together, the premium for group risk insurance, which also includes other insurance elements, will thus be reduced by SEK 8.5m in 2024. More detailed information about the decision will be sent directly to the member companies before the October premium is charged.

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