- Sweden’s KPA Pension has paid out a surplus of SEK 400m as a bonus to more than 1,000 employers in the municipal and regional sectors.

The surplus has built up in the premium exemption insurance in the agreement areas KAP-KL, PFA, PA-KFS, and PA-KFS09 over many years, with good financial results. According to mutual principles, KPA Tjänstepensionsförsäkring distributes any surplus among customers based on their contribution to the surplus.

KPA Pension is pleased the performance of the waiver of premium insurance has allowed it to make a repayment to those customers who contributed to the surplus. KPA Pension head of the employer business area, Ninni Wibeck, said: “The bonus shows our financial strength and that we are a safe and sustainable occupational pension company for municipalities and regions.”

- The Actuarial Association of Europe (AEE) has revealed a new user-friendly website and new logo as part of its new visual identity.

The update aims to highlight AEE’s dedication to innovation and providing high-level resources for the European actuarial community and its members. The new website features improved navigation, updated content, and an enhanced user experience.

Commenting on the update, AAE chairperson, Giampaolo Crenca, said: “We’re thrilled to launch this new look for the AAE, representing our commitment to innovation and growth. Our goal is to provide our members and the wider actuarial community with the best resources, to continually spread the AAE’s strategic plans, while maintaining the highest standards of professionalism in actuarial practice across Europe.”

- Legal & General Investment Management (LGIM) has published its Active Ownership Annual Report, revealing an increased engagement in nature, health, and artificial intelligence.

The annual report shows the way LGIM engages and votes regarding companies over the year. The firm’s focus is on climate, nature, people, health, governance, and digitisation. LGIM has experienced ongoing growth in their global stewardship capabilities and footprint, which includes the recent addition of its first head of Asia investment stewardship in the new Singapore office. It has expanded the scope of environmental engagements, setting stricter policies for both climate and nature.

The firm also published expectations around the governance of AI as a stewardship risk, shareholder rights, and executive pay. The report revealed the firm is focused on diversity and the living wage as priorities and examines nutrition and AMR to highlight the connection between public health and economic stability.

---