Denmark’s Forsikring & Pension (F&P) has hailed the newly concluded defence settlement as “visionary” and “historic”.

The agreement aims to open the way for investment in non-military aspects of the armed forces, such as up-to-date buildings for soldiers. F&P stated that the pensions industry can and would like to play a role in supporting these investments, and that it was something it has been calling for for a long time. The association added that the pensions industry has “plenty of experience” with real estate investments and by leaving it to the pension companies, the armed forces will be able to focus on their military activities.

The Pensions Regulator (TPR) in the UK has launched its first trustee diversity and inclusion survey.

As reported by our sister publication, Pensions Age, the survey aims to help understand the current picture of trustees’ diversity and measure progress in promoting high standards of diversity and inclusion going forward. The survey will look to understand the proportion of trustees with protected characteristics, their academic and socio-economic backgrounds and work experience, as well as trustees’ views on diversity and inclusion, in a measurable way to allow the regulator to detect changes in sentiment over time.

Finnish pension company Varma has begun building a new office space in Keilaniemi Port in Keilaniemi, Espoo.

Varma said that the new building would become a ‘landmark’ in Keilaniemi and improves the attractiveness of the area as a modern office centre. According to the pension company, it has attracted several companies’ interest to use the space. Varma is one of Finland's largest real estate investors with real estate assets of around €5.7 billion. The properties for rent include hotel properties, offices, business centres and more than 4,300 rental apartments.

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