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
Velliv to shift more equities exposure to Europe, after €500m US sell-off
Denmark’s fifth-largest pension fund targets smaller European firms which don’t depend on exports to US
Sacked Velliv CEO Erichsen now under investigation by Danish police
Danish FSA reported Steen Michael Erichsen to police, but details remain scant
SSGA loses more pensions business as AkademikerPension severs link
Danish pension fund says its asset managers ‘must align with our fundamental approach and way we see the world’
Danish pensions lobby rejects pension withdrawals for home purchase
More important to address problem of Danes saving too little for retirement, says IPD
Danish doctors’ pension fund divests China as trade tensions bite
Lægernes Pension sells off €200m of Chinese investments, mainly listed shares
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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Denmark’s pension funds offer a template for an innovative defence investments play
The tone of Europe’s political debate on defence expenditure has shifted markedly this year. And as former Netherlands defence minister Kajsa Ollongren, put it in a Chatham House Q&A in early March: “The mindset should be ‘war economy’.”
Velliv to shift more equities exposure to Europe, after €500m US sell-off
Denmark’s fifth-largest pension fund targets smaller European firms which don’t depend on exports to US
Sacked Velliv CEO Erichsen now under investigation by Danish police
Danish FSA reported Steen Michael Erichsen to police, but details remain scant
SSGA loses more pensions business as AkademikerPension severs link
Danish pension fund says its asset managers ‘must align with our fundamental approach and way we see the world’
Danish pensions lobby rejects pension withdrawals for home purchase
More important to address problem of Danes saving too little for retirement, says IPD
Danish doctors’ pension fund divests China as trade tensions bite
Lægernes Pension sells off €200m of Chinese investments, mainly listed shares
Velliv finds new CIO in Nordea AM’s private markets chief
Lea Vaisalo will preside over index-based strategy, whose advent involved exit of alternatives, active equity teams
Denmark’s PFA moves equities closer to benchmark but stays active
Danish commercial pensions heavyweight puts more equity risk into customer profiles, continuing Danish journey to market-rate pension saving
Denmark’s PFA reduces equities overweight ahead of Trump’s tariffs
Copenhagen-based pension fund still sees global economy as strong enough this year to support positive stocks development
Denmark’s pension funds offer a template for an innovative defence investments play
The tone of Europe’s political debate on defence expenditure has shifted markedly this year. And as former Netherlands defence minister Kajsa Ollongren, put it in a Chatham House Q&A in early March: “The mindset should be ‘war economy’.”
Danish pensions lobby proposes government issue defence bonds
IPD says issuing defence bonds could also send a signal on ‘legitimacy’ of arms as investment assets
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