- Swedish pension provider FPK has reported negative impacts on sustainability factors for the first time since 2022.
In line with the Sustainable Finance Disclosure Regulation (SFDR), FPK reported that it has integrated sustainability considerations into its investment guidelines and sustainability policy, aligning all asset classes. The board regularly reviews these policies at least annually and when material changes occur. Meanwhile, investment managers and underlying funds are required to provide transparent information on environmental, social, and governance (ESG) practices. The firm stated that its strategy was based on seeking fund managers who aligned with FPK's sustainability preferences and considered the negative consequences of sustainability factors in their selection process for holdings. FPK aims to have as high a proportion of fund managers as possible who consider the negative consequences of sustainability factors. In the spring of 2022, FPK's board decided to invest SEK 1bn in the climate transition by 2025.
- PensionPay, a new fintech platform that enables members to access their pension savings through a debit card or digital wallet with an app interface, has launched.
The PensionPay platform was created in response to rising demand for personalised, easy access to pension savings, combining digital tools with real-world value. It addresses concerns that there is a clear gap between how pensions are administered and how people live. The new platform aims to support better decision-making and access throughout retirement, responding to the real-world needs of pensioners. PensionPay CEO, Duncan Rutherford, said that the platform was about " so much more than just access, it's about independence, information and real-world utility. "Too many retirees are navigating outdated systems that don't reflect how modern retirement really works. PensionPay is designed to change that," Rutherford said.
- Valida Vorsorgekasse has received the gold certificate from the Austrian Society for Environment and Technology (ÖGUT) for the thirteenth consecutive time.
This is the highest possible rating for the sustainable orientation of corporate pension funds. A key factor in their success was the fulfilment of a strict investment criterion. For example, Valida Vorsorgekasse's sustainability concept excludes armaments, human rights violations, and fossil fuels. rfu research GmbH (rfu), a specialist in sustainable investment, audits compliance with these strict requirements twice a year. Valida Holding AG CEO, Martin Sardelic, explained: "Our investment results demonstrate that our sustainability strategy is accompanied by first-class performance. Last year, we achieved a 5.26 per cent increase in value for our clients in our pension fund, which is above the industry average."
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