News and announcements
LSR newsletter and statements sent to members
21. September 2026
LSR is currently sending members their statements for the first six months of the year. The statements are accompanied by the LSR newsletter, which includes information on the Fund’s performance last year, among other topics.
Temporary change to the main entrance
21. September 2026
Renovation work is currently underway at LSR’s premises to improve the reception area for visitors. As a result, LSR’s main entrance has been temporarily moved to the south side of the building, where a temporary reception area has been set up.
Changed opening hours on 4 and 7 September
1. September 2026
Due to an upgrade of LSR’s information systems from 4–7 September, the Fund will have reduced opening hours on Friday 4 September and Monday 7 September. Some disruption to LSR’s online services can also be expected over the weekend.
Mortgage interest rates lowered
27. August 2026
The interest rate on new LSR mortgages will decrease from 4.5% to 4.4% as of Thursday, 27 August 2026. The loans are inflation-indexed with a fixed interest rate for the entire loan term.
The importance of choosing the right Private Pension Plan
15. July 2026
Private Pension is an excellent way to save, but as a recent study shows, many people do not choose the right savings option. Harpa Jónsdóttir, CEO of LSR, explains why in an article originally published by Vísir.
Mortgage Repayments with Private Pension Savings Made Permanent
22. June 2026
The tax-free use of private pension savings to pay down mortgages has been made permanent through new legislation that will take effect this autumn and apply retroactively from 1 January.
A recording of LSR’s Annual Meeting – May 5
5. May 2026
LSR’s Annual Meeting was held at Hilton Reykjavík Nordica on Tuesday, May 5 at 15:00.
LSR Annual Report 2025 published
5. May 2026
LSR’s Annual Report for 2025 has been published. It covers the fund’s operations over the past year, assets at year-end and much more. The fund has also published its Sustainability Report for the year.
LSR Annual Meeting to Be Held on May 5
21. April 2026
The LSR annual meeting will be held at 3:00 PM on Tuesday, May 5. The meeting will take place in the VOX Club conference room at Hilton Reykjavík Nordica and will be open to all fund members and employers.
Nearly ISK 100 billion increase in LSR’s assets in 2025
16. April 2026
The net assets of the Pension Fund for State Employees were just under ISK 1,664 billion at year-end 2025, an increase of just over ISK 97 billion year-on-year. LSR’s nominal return, as the country’s largest pension fund by assets, was 6.6% in 2025 and the net real return was 2.7%. The fund’s real return has averaged 3.8% over the past 10 years.