News in brief: 14 August

Sampension has secured two green fund options for Linkpension members.

Following a major member survey last year, which placed green and sustainable investments on the “wish list” for savers, the ISP Pension secured two new funds from Nordea Invest and Blackrock, focusing on climate and renewable energy respectively. Sampension savers can now choose to invest part of their savings in one or both funds through Linkpension, a unit link scheme that, typically, allows savers to allocate up to a third of their pension scheme.

Denmark’s P+ Pension has announced investments in Indian solar energy firm, Acme Solar Holdings.

The scheme has become a co-investor in a $100m investment into the Indian solar energy company, as a contributor to the Actis Long Life Infrastructure Fund. The investment sees Actis take full ownership of two solar energy projects, designed to cover the future energy needs of over 700,000 people in India, which is one of the fastest growing markets for solar energy. P+ emphasised that since its merger in 2019, it has seen a growth in assets under management, giving it more opportunity to “make better and larger investments” for members, also predicting further “three-digit million investments” in the future.

The State Pension Fund of Finland (Ver) has increased investments in the commercial paper market.

The scheme has increased investments in commercial paper since March 2020 as part of government measures to boost corporate financing. Ver invested €343m in commercial papers on 30 June 2020, and €319m on 31 July 2020. These investments cover more than 20 companies, although the scheme clarified that the number of commercial papers on offer has decreased “significantly” during the summer.

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