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
P+ taken to task by Danish FSA over private equity risk measurement
Financial watchdog criticises pension fund for failing to document appropriateness of data source behind model to estimate PE risk premium
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
IPD hails axing of welfare-linked pensions withdrawal as ‘crucial for trust’
Danish pensions lobby welcomes new legislation removing requirement for benefit recipients to live off their pension savings first
ATP admits DKK2.3bn investment in Northvolt now worth almost zero
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
Danish FSA sets out new expectations on alternatives processes
Financial supervisor adds guidance on making sure unlisted investment valuations are continuously updated, and revaluing when markets swing
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.
P+ taken to task by Danish FSA over private equity risk measurement
Financial watchdog criticises pension fund for failing to document appropriateness of data source behind model to estimate PE risk premium
ATP disappointed as Better Energy restructures
Citing ‘perfect storm of negative market conditions’, Danish renewable-energy firm enters restructuring to rebuild capital base and stabilise the business
IPD hails axing of welfare-linked pensions withdrawal as ‘crucial for trust’
Danish pensions lobby welcomes new legislation removing requirement for benefit recipients to live off their pension savings first
ATP admits DKK2.3bn investment in Northvolt now worth almost zero
Danish statutory pensions giant’s CEO declines to rule out investing more in stricken battery Swedish firm
IPE Nordic Briefing: Norway’s SWF calls for lift of general freeze on Russian assets
Plus: Clarity for Icelandic pension funds on legal situation around provisions for changed life expectancy; Sweden’s financial watchdog on increased pension transfers
Danish FSA sets out new expectations on alternatives processes
Financial supervisor adds guidance on making sure unlisted investment valuations are continuously updated, and revaluing when markets swing
Sampension divests China’s Temu on consumer protection concerns
Danish pension fund blacklists company behind online marketplace, citing EU probe into possible rule-breaking
Velliv keeps new strategy under wraps pending arrival of new CIO
Kehlet Johansen says Danish pensions firm needs ‘new eyes and other skills’ as CIO Anders Stensbøl Christiansen quits
Nordic pension funds protect interests as Northvolt seeks bankruptcy protection
CEO exit ‘not entirely unusual’ given Swedish battery firm’s new phase, says Folksam
Danish quartet invests €214m in bonds targeting UN goals
PFA, PKA, P+ and PenSam anchor new loss-guaranteed fund alongside government agency, with Danish SDG Investment Fund II aiming to raise DKK5bn in all
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