Iceland’s Stapi Pension Fund made a nominal return of 5.6 per cent on its investments in 2025, its full-year results have revealed.

The real return of its investments was 1.8 per cent. It brings the average net real return over the past 10 years to approximately 3 per cent.

At the end of 2025, the pension fund’s net assets for pension payments stood at approximately ISK 462bn, an increase of ISK 31.6bn from the previous year.

During the year, over ISK 13bn in pensions were paid from the fund’s insurance department to around 13,000 pensioners.

Pensions paid were 10.5 per cent higher than in 2024, whilst the number of pensioners increased by 3.4 per cent.

Almost 23,000 fund members from over 4,000 employers paid premiums to the insurance department during the year, with premiums amounting to around ISK 19.9bn, an increase of 5.8 per cent on 2024.

The number of active fund members who paid premiums each month was around 16,800.

In addition, the net assets of the private pension division amounted to ISK 10,397m, an increase of 7.2 per cent from the previous year.

The division offers three investment portfolios: the deposit portfolio, the conservative portfolio, and the growth portfolio.

The real net returns of these portfolios were 1.3 per cent, 2 per cent, and 1.8 per cent, respectively.

The net assets of the specified private pension division amounted to ISK 1,314m at year-end, and the real net return was 1.5 per cent.

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