News and announcements
Milestones Reached in a Strong Operational Year for LSR
10. April 2025
The year 2024 was a strong operational year for LSR, with the fund delivering a total nominal return of 12.4%, which corresponds to a net real return of 7.1%. The fund’s net investment income amounted to ISK 173 billion, the second-highest ever in LSR’s history. At year-end, the fund’s total assets stood at just under ISK 1,567 billion.
Interest Rate on Non-Indexed Loans Reduced to 8.3%
28. March 2025
The interest rate on new non-indexed loans from LSR will decrease by 0.2 percentage points, from 8.5% to 8.3%, effective Friday, March 28, 2025. The interest rate on LSR’s non-indexed fund member loans is fixed for 36 months at a time.
LSR's long term investment vision
12. March 2025
This week, Halla Kristjánsdóttir, Head of Asset Management at LSR, published an article discussing LSR’s perspective on investment operations, its fiduciary duty, and procedures. The article highlights the importance of sustainability in business operations and resource utilization when making long-term investment decisions.
Changes to Private Pension Withdrawal Rules
7. March 2025
Starting April 1, withdrawals from LSR Private Pension will be processed on two fixed dates each month: the 1st and 15th of the month.
Interest Rate on Non-Indexed Loans Reduced to 8.5%
12. February 2025
The interest rate on non-indexed loans from LSR will decrease by 0.5 percentage points, from 9.0% to 8.5%, effective Wednesday, February 12, 2025. The interest rate on LSR’s non-indexed fund member loans is fixed for 36 months at a time.
2024 Salary Statements for Pensioners and Retirees Issued
20. January 2025
LSR has now completed the submission of salary statements for pensioners and retirees to the Icelandic Tax Authority (RSK). The submission includes all fund members who received retirement or pension payments in 2024 from LSR's Division A, Division B, Private Pension, as well as ESÚÍ (Pension Fund for Employees of Útvegsbanki Íslands) and the LA and LR funds.
Private Pension Payments Still Allowed Toward Mortgage Principal
10. January 2025
The option to use private pension savings tax-free toward the principal of mortgages was recently extended and is now valid until the end of 2025. If this option was used last year, there is no need to reapply for continued use.
Exciting Position in LSR's Pension Department
8. January 2025
LSR is seeking a motivated and positive individual for the position of Specialist in the Pension Department. The role involves both assisting fund members and participating in the fund's improvement projects.