Formal operations of Almenna – Lífsverk begin

January 15, 2026

The operations of the Almenna – Lífsverk Pension Fund have now officially commenced and the name of the fund has been changed in accordance with the articles of association of the merged fund. The Competition Authority has now completed its examination of the merger without intervention, while previously the Ministry of Finance and Economic Affairs had confirmed the fund’s articles of association.

The staff of Almenna – Lífsverk is grateful for the positive response from members of both funds to the merger of the funds.

The merger projects are progressing well, and it is expected that projects related to the merger will be completed in the first half of 2026. The aim is to minimize disruption to information for fund members while the systems are being harmonized. The fund also points out to its fund members that a special page has been opened with news and various information about the progress of the merger and other issues that are relevant to fund members: Merger of Lífsverk and Almenna

Pension payments in January

General – Lífsverk will pay pensions at the beginning of January (in advance) in accordance with the articles of association. Lífsverk fund members who previously received pensions at the end of the month will therefore receive pensions at the end of December and then again at the beginning of January. In future, each month’s pension will be paid in advance or at the beginning of the month.

Presentation meeting in January

Almenni – Lífsverk invites fund members to a presentation meeting about the merger on Tuesday, January 27 at the Hilton Nordica, at 5:00 PM. The meeting will include a special presentation on the private equity fund’s return methods and a review of transferred and future rights in the merged mutual insurance fund. The meeting will also be streamed on the fund’s website and a recording from it will continue to be available. Further information about the meeting will be published later.