News in brief: 28 June

The Affordable Rent Act has been adopted by the Senate in the Netherlands, containing “positive elements” for pension funds that invest in housing, Dutch Pension Federation chair, Ger Jaarsma has stated.

Jaarsma noted that the federation felt the law would give the government a stronger management role in the housing market, which it saw as a positive. However, he highlighted that market conditions were challenging, and the federation would like to continue working with the minister to further improve the investment climate for Dutch homes in the longer term. “The construction of affordable and sustainable homes in the Netherlands goes hand in hand with a healthy return for pension funds, and therefore also for workers and retirees,” Jaarsma said.

Pensioners with an AFP or old-age pension with Norwegian pension company KLP can work with Ukrainian refugees for NOK 300 an hour without their pension being reduced, KLP has announced.

It noted that Norwegian municipalities needed additional staffing due to the arrival of refugees from Ukraine, and regulations have been changed to allow pensioners to work for a specified salary without their pensions being reduced. Separate pensioner pay applies to work that helps relieve the “extraordinary need” for personnel due to refugees coming in from Ukraine and it not limited to specific professional groups. The separate pensioner pay of NOK 300 an hour will apply until 31 December 2024.

The Swedish government has appointed Per Lindqvist as a board member of the AP3 pension fund.

Lindqvist is currently Alleima group treasury head and a board member of the Alleima Pension Foundation. He previously held several roles across the pensions and financial services space, including LKAB Treasury Center head, board member of LKAB’s Swedish pension foundation, Danske Markets Sweden deputy head, and Consensus Fondkommission deputy head. Lindqvist's also a board member of the Swedish Fund Traders Association, and chair of the Fund Traders Association’s Money Market Council.



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