Denmark: Pensions and Investment News and Analysis
Denmark’s mature DC-focused occupational pension system is managed by some of the world’s most sophisticated institutional investors, including PFA, Danica and Pension Danmark. ATP is a state entity that manages a portion of the labour-market system. Recent regulatory developments have included revision of prudent-person rules for the guaranteed part of the pension system, along with rule changes that exempt pension funds and insurance from rules aimed at the banking sector.
Pension Funds in the Nordic region - Country Report
Nordic Region Report 2024: Denmark’s government urges pension funds to support defence
Danish schemes embrace defence – as long as ESG criteria and international conventions are adhered to
TOP DANISH PENSION FUNDS 2024
Pension fund/entity | Assets (€’000)
- PFA Pension | 102,473,792
- Arbejdsmarkedets Tillaegspension (ATP) | 95,167,690
- Danica Pension | 70,640,258
- PensionDanmark | 44,236,353
- Velliv | 43725728
©IPE Research; View the Top 1000 European Pensions Funds 2024 for a comprehensive market overview
ATP launches own external evaluation process; critic rues narrow scope
Danish statutory pensions giant announces former FSA chief will chair panel of otherwise mostly foreign experts to scrutinise its strategy and approach
PFA warns of higher economic risks around China
Danish pensions giant says Trump’s election, and resulting asset manager exodus from climate cooperations, is clear signal that world is changing fast
Sampension urges mental well-being action, despite dip in early-retirement
Norway’s political parties agree to abolish mandatory early retirement for armed forces, police, prison staff
Akademiker overhauls equity strategy behind new market-rate product
Danish labour-market pension scheme dials risk levels both up and down within range of AlfaPension profiles
Forca outsources Danish pensions IT to Netcompany
Joint pensions administration firm for PKA, PBU and Lærernes Pension says new integrated system meets its owners needs ‘faster, better and cheaper’
TOP MANAGERS: NORDIC REGION INSTITUTIONAL ASSETS
Company | Assets (€m)
- SEB | 65,000*
- BlackRock | 61,541
- DNB Asset Management | 53,712**
- Nordea Asset Management | 52,442
- Storebrand Asset Management | 35,386***
- State Street Global Advisors | 29,768
- Nykredit Asset Management | 26,163
- Northern Trust Asset Management | 22,607
- Morgan Stanley Investment Management | 8,936*
- Amundi | 8,344
As at 30.9.3.23, *30.16.23, **15.11.23, ***10.6.22
©IPE Research; Sign up to IPE Profesional to see all the data in the latest country report
IPE BEST PENSION FUND IN THE NORDIC REGION AWARD WINNERS
Nordic Region
- 2023 - The Swedish Fund Selection Agency
Denmark
- 2022 - Industriens Pension
- 2021 - PensionDanmark
- 2020 - PensionDanmark
- 2019 - ATP | PensionDanmark
Norway
- 2022 - KLP
Sweden
- 2022 - Alecta pension insurance, mutual
- 2021 - Fjärde AP-fonden (AP4)
- 2020 - Fjärde AP-fonden (AP4)
- 2019 - Swedish Pensions Agency
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Danish politics focuses on the good life
Pensions and the labour market were the focus of end-of-summer political pronouncements in Denmark this year. If brought into action, some of the ideas could lead to forward-thinking changes to pensions.
European pension funds on investing in their home market: a delicate balance
Pension funds in Europe have been reducing their allocation to European assets, especially listed ones. While valuations may be attractive, there is little else to convince them to raise their investments in their home market
ATP launches own external evaluation process; critic rues narrow scope
Danish statutory pensions giant announces former FSA chief will chair panel of otherwise mostly foreign experts to scrutinise its strategy and approach
PFA warns of higher economic risks around China
Danish pensions giant says Trump’s election, and resulting asset manager exodus from climate cooperations, is clear signal that world is changing fast
Sampension urges mental well-being action, despite dip in early-retirement
Norway’s political parties agree to abolish mandatory early retirement for armed forces, police, prison staff
Akademiker overhauls equity strategy behind new market-rate product
Danish labour-market pension scheme dials risk levels both up and down within range of AlfaPension profiles
Forca outsources Danish pensions IT to Netcompany
Joint pensions administration firm for PKA, PBU and Lærernes Pension says new integrated system meets its owners needs ‘faster, better and cheaper’
Nordea, Danica, PBU lead Danish 2024 pension returns; home bias dents gains
Currency hedging knocked average 3.6 points off returns last year for 60/40 portfolio, according to consultant Nikolaj Holdt Mikkelsen
IPE Nordic Briefing: Denmark’s PenSam boosts property portfolio
Plus: PFA Klima Plus generates high returns; NBIM pushes Council of Institutional Investors (CII) on unequal voting structures at companies
PensionDanmark to ramp up equities after 17% stocks gain in 2024
Danish pension fund to increase the equity proportion particularly for younger scheme members, and postpone risk reduction starting point by five years to age 50
Concerns Danish pensions wealth leads to early retirement overblown, says IPD
New figures show proportion of people funding own early retirement remained stable over past two years, according to pensions lobby group
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