- An Icelandic nursing facility backed by multiple domestic pension funds has been completed and is now operational, marking the delivery of a 100-bed specialised care centre in Reykjavík aimed at easing pressure on hospital emergency services.

The project, financed in late 2024 via the Icelandic Infrastructure Association’s platform operated by Arcur, involved the conversion of a property at Urðarhvarf 16 acquired by Súlur Reykjavík ehf., with a 20-year lease agreed with Ríkiseignir. Total costs reached ISK 6.5bn, with pension funds investing via an indexed bond secured on the asset, while Kvika Bank provided construction financing before the scheme transitioned to full pension fund backing upon early completion. Investors include Frjálsi Pension Fund, Birta Pension Fund, Almenni Lífsverk Pension Fund, FÍA Pension Fund, Lífeyrisauki Pension Fund, Farmers’ Pension Fund and Rangæing Pension Fund.

- Dutch pension fund SPMS has announced it will switch to the new pension rules set out in the Future Pensions Act (Wtp) on 1 January 2028.

The pension fund had intended to switch on 1 January 2027 but had previously announced a delay. It has now worked with its administrator APG to “determine a realistic and responsible date for the transition”. It said postponing the date by a full year will enable it to “ensure a well-prepared transition”.

- Norway’s Government Pension Fund, managed by Folketrygdfondet, has participated in the IPO of General Oceans, which has now listed on the Oslo Stock Exchange with a post-issue valuation of around NOK 4bn.

The fund invested as a cornerstone investor alongside DNB Asset Management, committing NOK 200m as part of a combined NOK 400m subscription at NOK 21 per share. General Oceans is a Norwegian technology company supplying advanced underwater sensors, systems and robotic solutions for use in demanding marine environments. Its products are typically deployed in operations where equipment failure or disruption can lead to significant costs, safety risks or delays.

- Pensioenfonds UWV has reported its funding update for February 2026.

It has a current coverage ratio of 122.7 per cent, down from 124.7 per cent at the end of the previous month. Its policy funding ratio, the average of the current coverage ratio over the past 12 months, is 122.5 per cent, up from 122.4 per cent the previous month.

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