Norway’s Government Pension Fund Global has reach the top of the Global Pension Transparency Benchmark.

The ranking is published by CEM Benchmarking and Top1000funds.com, and focuses on the transparency and quality of public disclosures. Quality relates to the completeness, clarity, information value and comparability of disclosures. It ranks 75 investment funds and overall scores look at four factors: Governance organisation, performance, costs, and responsible investing. The Government Pension Fund Global is ranked number one in both performance and responsible investing.

Dutch pension fund Detailhandel has announced it is lowering the age for pension accrual to 18 from 2024.

From 1 January 2024, the age at which members accrue pension savings at Detailhandel will be reduced from 20 to 18 years. By lowering this starting age, participants accrue pension for longer, the pension fund noted. As the pension accrual starting age will be lowered, the pension fund noted that it was likely that more employees will be required to participate in the pension scheme. This means that organisations with younger employees on the payroll may have to account for higher pension contributions.

Glennmont partners from Nuveen has agreed to acquire a 30MW onshore wind portfolio in Finland from Clearvise AG.

The agreement will see Glennmont acquire two onshore wind farms in the Northern Ostrobothnia region of Finland, totaling nine turbines between them. The technology employed in the project is Vestas V126 turbines, each of which will generate 3.3MW of power. The project builds on Glennmont’s existing presence in the Finnish market following their development of the 211MW Piiparinmäki wind farm, one of the largest constructed unsubsidised wind farms in Europe and a key wind power asset in the Nord Pool region, which reached commercial operations in the summer of 2022.

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