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AP Pension takes product-switch case to Denmark’s Supreme Court
Mutual pension provider appeals High Court judgement that plaintiffs had had to bear unreasonable risks – CEO argues longevity risk was not an issue in FSA inspection at the time
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High risk investment options yield 25% returns for Danish FSP
DENMARK – Finanssektorens Pensionskasse (FSP), the DKK21bn (€2.8bn) Danish labour-pension fund for the financial industry, reported 2010 investment returns of up to 25.7% for its market-link pension products.
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FSP eyes outsourcing to pension funds’ service
[13:30 CEST 28-04] DENMARK - Finanssektorens Pensionskasse (FSP) pension fund said it is in talks with service firm Forca about outsourcing all of its administration to the provider.
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FSP outsources residential admin
[15:30 CEST 22-04] DENMARK - Finanssektorens Pensionskasse, the Danish pension scheme for financial sector workers, has outsourced the administration of its Danish residential properties and leases to Dan-Ejendomme.
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FSP sees 4.3% return in turbulent times
DENMARK - Investments at Denmark’s Finanssektorens Pensionskasse (FSP) produced a return of 3.3% last year, after providing for benefit payment guarantees, as commodities and equities contributed double-digit returns.
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FSP lifted by high returns in Q3
[17:00 CEST 09-10] DENMARK - Holdings in emerging markets and corporate bonds boosted investment returns for the market-linked pensions of Denmark’s Finanssektorens Pensionskasse (FSP), the fund said, reporting strong third quarter performance figures.
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Emerging markets puts Denmark’s FSP back into black
[15:00 CET 16-02] DENMARK - Finanssektorens Pensionskasse (FSP), the Danish pension fund for the financial industry, returned 4% for the full year 2009, compared to losses of 11.1% in 2008, as a result of strong investment returns from emerging markets bonds and equities.
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FSP raises the ceiling on property
[15:20 CET 10-03] DENMARK - Finanssektorens Pensionskasse, the Danish pension scheme for financial sector workers, is adding a hefty slice of property exposure to the unit-linked scheme now used by all new members.
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FSP tops ISP’s return through private equity
[15:30 CEST 05-09] DENMARK - Finanssektorens Pensionskasse (FSP), the Danish pension fund for financial sector employees, has reported a 4.1% return on investments in the first half of this year, boosted by a near 50% profit on private equity.
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Denmark’s FSP awards E41m to Russell
DENMARK - The 16 billion-crown (2.21 billion-euro) pension fund of the Danish financial sector, Finanssektorens Pensionskasse has awarded two equities and a hedge fund- of-funds mandates to Russell.
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AP Pension rebuked by regulator over compensation payments to FSP members
Pension fund to pay DKK170m in to customers in former financial sector pension fund after product-switching exercise
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Pension funds applaud Danish plans to issue inflation-linked bonds
Decision gives local schemes alternative to inflation-linked bonds from euro-zone.
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Industriens maintains yield despite returns
[13:00 CET 21-12] DENMARK - Industriens Pension, Denmark’s DKK46.7bn (€6.25bn) industry-wide pension fund, has set its account yield at 6.5% after tax for 2008, despite a fall in investment returns.
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Good quality property strategy will 'shield' FSP
[14:00 CEST 22-05] DENMARK - Danish pension fund FSP is expecting to avoid the worst of the market rout by investing in good quality property and avoiding the most volatile market segments.
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Schemes defy euro-zone uncertainty
Pension funds and investors in general faced an uncertain 2010, thanks in large part to the uncertainty around the euro-zone’s future.
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Borrow and return
We continue our focus on gearing with a visit to three pension funds where we find broad acceptance and some enthusiasm tempered with a healthy dose of caution, as Rachel Fixsen reports
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L’Oreal awards E35.6m to Russell
UK – The L’Oreal (UK) Ltd. Retirement Benefits Plan has awarded Russell a global equity mandate worth more than 24 million pounds (35.6 million euros) - 22% of the total plan assets.
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The Nordic Region: Fees under scrutiny
Rachel Fixsen assesses Danish pension funds’ transparency about costs and fees
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Market crisis hits 2007 results
The financial markets turbu-lence seen in the last five months of 2007 had a major impact on pension fund performance across Europe.
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Danish pension funds set up real estate “club”
DENMARK – Five top Danish pension funds worth around 45 billion euros have set up a real estate “club” to invest in European indirect property vehicles, says real estate firm Cushman & Wakefield Healey & Baker.