Swedish pension company AMF has invested a further SEK 220m in the Swedish battery manufacturer, Northvolt.

The pension company has previously invested around SEK 1.8bn in Northvolt. The investment was made in connection with a larger financing round aimed at financing Northvolt’s expansion in Europe and North America. Commenting on the announcement, AMG head of equities and responsible investment, Anders Oscarsson, said: “Our conviction is that Northvolt has the future ahead of it, and that our investment is a good investment for our savers first and foremost, but also for society.”

Dutch pension fund Hoogovens has reported that its current funding ratio increased by 3.2 percentage points in July.

During the month, the pension fund’s current funding ratio rose from 131.2 per cent to 134.4 per cent. At the beginning of the year it stood at 125.4 per cent. This year so far, the value of Hoogoven’s invested capital has increased from €9bn to €9.5bn, resulting in an 8.5 percentage point increase in its current funding ratio. Meanwhile, the pension fund’s policy funding ratio also rose in July, from 129.4 per cent to 130.3 per cent.

Dutch pension fund PFZW has had its app Pensioenchecker downloaded more than 200,000 times.

The pension fund’s app aims to give its members a clear overview of their total pension accrual. PFZW stated that it takes just a few clicks for members of the pension fund to see how their pensions were doing. PFZW is the Dutch pension fund for the care and welfare sector in the Netherlands.

Share Story: