News in brief: 29 May 2025

- Ilmarinen has donated €20,000 to support students' mental health.

The donation will go to Nyyti ry, a non-profit organisation that offers students preventive mental health support to help them cope with their studies and transition into working life. Ilmarinen's annual general meeting decides the amount of charitable donations. Ilmarinen director of human resources and communications, Sami Ärilä, commented: “We cannot afford to lose anyone outside of working life. It is important to support students' mental health and ensure a smooth path from studies to working life. We parents must offer young people all the support we can to strengthen their faith in the future and help them face life's challenges. This is what we want to be involved in at Ilmarinen.”

- Industriens Pension has been confirmed as the industry's most satisfied pension provider for the third year in a row.

The research house EPSI Denmark's annual satisfaction survey among Danish pension savers showed that Industriens Pension's satisfaction score was 71.7 points, while the industry average was 64.5 points. Industriens Pension's score increased by 1.2 points compared to 2024, when the company also took first place in the survey. Epsi Rating Denmark concluded that the members give Industriens Pension ratings at the top of the industry on almost all parameters. The survey was based on interviews with over 2,300 private customers in Danish pension companies, conducted in the first half of April 2025.

- Frendegruppen and Nordea Liv have renewed their cooperation on defined contribution (DC) pension distribution for five more years.

For the past five years, Nordea Liv has offered pension products to customers of the banks in the Frendegruppen, which consists of Sparebanken Norge, the 16 banks in the Lokalbank partnership and the Varig companies. Frendegruppen and Nordea Liv have agreed to extend their collaboration, ensuring continued delivery of competitive pension products to customers. Frendegruppen board member, Stine Neteland, commented on the announcement: "Nordea Liv is an important, strategic partner for us in the pension area. It has been good at adapting to the banks' individual needs, and has been able to offer competitive products and good digital solutions. This means we will continue the collaboration for the next five-year period.”

- KPA Pension and NCC have begun the development of an office property in Solna

NCC will develop the property into a new headquarters for Svenska Kraftnät, which has signed a 20-year lease for the entire area. The property is located in Solna Business Park. Payment of the purchase price of SEK 3.6bn and occupancy will take place upon completion of the project, which is expected to occur in the second quarter of 2028. The ceremony will be attended by the NCC CEO, Svenska Kraftnät, Solna Municipal Board chairman, Sara Kukka-Salam, and KPA Pension CEO, Camilla Larsson. Other participants were the media, local politicians and people working closely with the project. Parts of the existing office building on the property will be reused, and upon completion, the property will be environmentally certified.

- The lowest-income Danish pensioners are set to receive an increase in annual media cheques.

The increase, which will see the media cheque increase by DKK 400, from DKK 1,085 to DKK 1,485 per year, will apply from August 2025 and was approved by a majority in the Danish Parliament. It means that pensioners with the lowest incomes will continue to have the opportunity to subscribe to TV packages and have easy access to relevant information in their everyday lives. The reason for the increase is that the price of TV packages is expected to increase from mid-2025, due to a change in the VAT Act, which is intended to ensure that Denmark complies with EU law.



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