We probably all have different ideas about our retirement. Some of us want to quit early, others want to reduce work gradually while still others look forward to working as long as they are able. But however you imagine life after retirement, it is important to tend to pension savings early. A clear overview of your savings and rights can give you greater flexibility in choosing when and how you retire.

Supplementary pension savings are an effective way to build a sound savings base. We explain how it works, what the real cost is and why starting early pays off.

Monthly newsletter of current economic affairs in Iceland.

We forecast very modest growth this year and next, 1.3% and 1.5%. Rising inflation, mainly rooted in international conflict and increases in public fees, has pushed interest rates up and slowed economic activity. Unemployment has increased and the labour market shows signs of cooling.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

A total solar eclipse will be visible in western Iceland on 12 August this year. There is enormous demand for flights to the country, accommodation, restaurants and rental cars during that period, and many services are already fully booked. Higher turnover and price pressure on various services will likely be considerable in the areas where the eclipse will be visible.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Shopping online is not without risks, as fraudsters and cybercriminals go to great lengths to steal payment information or defraud people in other ways. There are some simple steps we can take to lower the risk of falling victim to cybercrime. We’ve gathered some helpful information to help keep you safe.

The debt service ratio (“greiðslubyrðarhlutfall”) is a recent concept in the application process for housing and real estate mortgage loans. It can be difficult to grasp how the ratio is calculated as it differs between loan types.

The history of the Hamburg Christmas tree is a quite humble yet important story of the changes Reykjavík has undergone and simultaneously a lovely holiday tale of generosity and gratitude.

Monthly newsletter of current economic affairs in Iceland.

The Icelandic economy will grow at a slow pace in coming years, according to a new economic forecast from Landsbankinn Economic Research. Gross domestic product (GDP) contracted by 1.0% last year, largely due to a negative contribution from foreign trade, but this year the outlook is for 1,5% growth in GDP. Strong private consumption and increased exports appear to have vitalised the economy this year; however, various forces are restraining growth and will continue to cool the system in the years ahead.

Monthly newsletter of current economic affairs in Iceland.

The simplest way to save regularly in funds is to take out a monthly subscription. It’s easy - you only have to select an amount & a fund & create a subscription in the app, online banking or li.is. We handle the rest.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

Monthly newsletter of current economic affairs in Iceland.

At Landsbankinn, we have never received as many notifications of attempted cybercrime as this year. This year to date, fraud notifications are more numerous than the entire year 2024, which in itself was a record year. On the bright side, damages from cybercrime have not grown in line with the increase in incidents. Many have nevertheless lost large amounts and, in some cases, a significant portion of their life savings.

For overseas travel, we recommend contactless payments through Apple Pay, Google Pay or the card’s contactless payment function. That being said, it’s still necessary to bring the card itself with you on your trip.