Estonia’s Luminor has merged its third-pillar pension funds.

Luminor Sustainable Future 50-55 Index Pension Fund has merged with Luminor Future Index Pension Fund. Luminor Sustainable Future 50-55 Index Pension Fund is the merging fund, while Luminor Future Index Pension Fund is the acquiring fund. The investment strategy of the merging fund will change to increase the risk level. Meanwhile, Luminor Future 16-50 Pension Fund will continue its operations under the new name Luminor Future 16+ Pension Fund.

Dutch pension fund PFZW is investing €1m in the further development of Flexdokters.

Flexdokters helps GP practices organise their work in a more efficient manner through digital solutions and a joint organisation for administrative tasks. Currently, 47 GP practices are affiliated with Flexdokters. PFZW said that, as it invests the pension funds of over 3 million people who work or have worked in healthcare and welfare, it seeks investments that contribute to a strong healthcare and welfare sector as well as a good pension.

PensionDanmark is investing in 200 new rental homes in the district of Glostrup.

Albertslund Municipality wants to create an urban area with more than 12,000 new homes, and PensionDanmark is investing in just over 200 new apartments in the large urban development project for rental purposes. The project with the upcoming rental homes is being realised through a collaboration, where PensionDanmark buys the land from the Danish property group Nordstern, which is also the general contractor for the construction.

Around 2,000 Romanians have accessed the Association for Privately Administered Pensions in Romania’s (APAPR) AI virtual assistant to learn about private pensions.

The majority were seeking information on how much money they had saved in their pillar II pensions and what the conditions were for withdrawal. The virtual assistant, Mr. Pensionescu, aims to offer accessible answers to questions about the functioning of the private pension system, the contributions accumulated in pillar II, the conditions for withdrawing money and optional private pensions (pillar III). It provides general guidance and does not have direct access to the individual accounts of participants. Therefore, the tool cannot communicate the amount accumulated by a specific person.

Denmark’s PFA has received building approval for JORD, which will be Denmark’s tallest wooden building.

Construction will begin in 2027 on the last building site in the Århusgade district at the corner of Kalkbrænderihavnsgade and Århusgade. PFA’s ambition is to build an office that breaks with the industry's usual choice of materials. Work is ongoing to test and develop materials that are not standard products within the construction industry, with work being done to use cosmetically discarded materials or new upcycled materials.

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