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
Danish watchdog finds product failings at Nordea Pension
Pension firm’s CEO says measures have been initiated to ensure compliance as soon as possible
ATP’s returns leap in Q3 despite private equity write-downs
Danish pensions giant posts 9.7% gain on investment portfolio in January-September despite massive private equity wipeout
Young people not afraid of an older retirement age, say Danish pension funds
‘Crucial to create as good a labour market as possible, so fewer need to retire early,’ said IPD director
Nordic FSA chiefs urge EU regulators to simplify financial rulebook
Simpler rules should be enforced by ‘risk-based supervision with strong discretionary tools’, Nordic watchdogs tell EIOPA, ESMA, EBA heads
Velliv says impact product revamp ‘in theory makes for better returns’
Danish mutual pension provider redesigns ideas behind VækstPension Aftryk, defines four categories of sustainable investment targets, adds asset classes
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
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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
Interviews
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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.
IPE Nordic Briefing: Iceland preps review of national pensions sytem
Plus: Iceland schemes reject banking rules; Sweden’s watchdog warns of risks for consumers on pension transfers
Danish watchdog finds product failings at Nordea Pension
Pension firm’s CEO says measures have been initiated to ensure compliance as soon as possible
ATP’s returns leap in Q3 despite private equity write-downs
Danish pensions giant posts 9.7% gain on investment portfolio in January-September despite massive private equity wipeout
The pensions reform promises of Europe's far-right political parties
The rise of far-right parties has bolstered support for European welfare state systems, but radical right-wing policymakers face difficult choices
Young people not afraid of an older retirement age, say Danish pension funds
‘Crucial to create as good a labour market as possible, so fewer need to retire early,’ said IPD director
Nordic FSA chiefs urge EU regulators to simplify financial rulebook
Simpler rules should be enforced by ‘risk-based supervision with strong discretionary tools’, Nordic watchdogs tell EIOPA, ESMA, EBA heads
Velliv says impact product revamp ‘in theory makes for better returns’
Danish mutual pension provider redesigns ideas behind VækstPension Aftryk, defines four categories of sustainable investment targets, adds asset classes
PFA admits factoring in Scope 3 will dent climate product’s returns
Danish pension provider’s PFA Klima Plus product will begin opting out of stocks with ‘strong connection’ to fossil fuel sector from next April
Netherlands retains top spot in Mercer pension ranking
Top three countries retain places despite slightly lower ranking compared with 2023 figures
ATP chief says Northvolt crisis is ‘wake-up call for Europe’
Pension fund CEO warns that European green transition technology needs public money or China and US will dominate
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