The boards of directors of Lífsverk and the Almenni Pension Fund have signed a merger agreement. The merger is subject to the approval of the merger proposals by the fund members’ meetings and the approval of amendments to the articles of association of both funds by the Ministry of Finance and Economic Affairs. If the proposals are approved, the merged pension fund will begin operations on 1 January 2026.
The merger of the pension funds aims to create a stronger foundation for good pension rights and create a larger fund that will be better able to meet increased demands and provide better service. The goal is also to achieve operational efficiency that can contribute to lower costs and higher returns for fund members.
Proposals for a merger will be presented separately at fund member meetings in October and on the funds’ websites. The plan is for the proposals to be formally presented to fund member meetings in both funds on November 11th, and fund members to take a position in electronic elections from November 11th to 13th.
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