Icelandic tax payers are set to bear the heavy burden of recapitalising the government employees’ pension fund (LSR). Billions of extra krónur are needed by the fund over the coming decades so it can stand up to its responsibilities. Read the full story

The Enterprise Investment Fund of Iceland has purchased a 15.8 percent share in the country’s biggest oil company N1, from Islandsbanki and its deceased predecessor, Glitnir Bank. Read the full story

Iceland’s pension funds were given the opportunity to buy a quarter share in HS Orka from Canada’s Magma Energy. They have now decided to investigate the potential deal with a view to accepting it. Read the full story

Iceland’s pension funds lost at least ISK 70 billion (USD 621.3 million) in the banking crisis. The Icelandic parliament investigating committee believes the funds had been hoping to stimulate growth and confidence with their investments at the time. Read the full story

The Government Pension Fund Global, or National Oil Fund, recorded a record annual return for 2009 according to a new report by the Norwegian Central Bank. Read the full story