Institutions for Occupational Retirement Provision Directive 2016

Baloise reports stable earnings in occupational pension business in 2021

Retrieved on: 
Tuesday, May 24, 2022
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Baloise Switzerland has once again achieved stable earnings in its occupational pension business.

Key Points: 
  • Baloise Switzerland has once again achieved stable earnings in its occupational pension business.
  • Baloise also saw this reflected in its occupational pension business.
  • Although the environment remained challenging, Baloises occupational pension business generated premium income of CHF 2.3 billion and earnings of CHF 40.2 million in connection with more than 18,900 contracts.
  • The net investment yield achieved in the occupational pension business was a solid 1.69 per cent.

Northern Trust Supports AMF to Become One of the First Occupational Pension Providers in Sweden Under European IORP II Directive

Retrieved on: 
Monday, February 21, 2022
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Northern Trust (Nasdaq: NTRS) is pleased to have supported AMF Tjnstepension AB (formerly AMF Pensionsfrskring AB) on its transformational journey to becoming one of the first occupational pension providers in Sweden under the European Institutions for Occupational Retirement Provision (IORP) II Directive.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) is pleased to have supported AMF Tjnstepension AB (formerly AMF Pensionsfrskring AB) on its transformational journey to becoming one of the first occupational pension providers in Sweden under the European Institutions for Occupational Retirement Provision (IORP) II Directive.
  • IORP II aims to improve the governance and communication standards of occupational pension schemes.
  • The implementation of the directive demanded important changes and enhancements to pension fund providers business models spanning risk management, governance and member communications.
  • Northern Trust has been servicing institutions in the Nordic region since 1991, said Bo Thulin, head of Northern Trust in the Nordics.