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
Denmark’s PBU invests in global goals fund with guarantees against losses
Anchored last autumn by PFA, PKA, P+ and PenSam, SDG fund targets UN goals five, eight, 10 and 13
Industriens enters joint Danish pension fund bid to build army barracks
The €34bn labour-market pension fund cites good prior experience with PPP model as reason for seeking new investment opportunity
Danish architects’ pension fund to push climate agenda harder at Sampension
External probe into alternative providers concludes no strong reason for PAD to quit current partner Sampension
IPE Nordic Briefing: Norway opens Arctic division of SWF
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
ATP takes key role in national drive to upskill Danes in AI
‘Aim is to ensure ATP doesn’t just keep up with developments, but helps shape them,’ says director of €92bn statutory pensions giant
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’.”
Denmark’s PBU invests in global goals fund with guarantees against losses
Anchored last autumn by PFA, PKA, P+ and PenSam, SDG fund targets UN goals five, eight, 10 and 13
Industriens enters joint Danish pension fund bid to build army barracks
The €34bn labour-market pension fund cites good prior experience with PPP model as reason for seeking new investment opportunity
Danish architects’ pension fund to push climate agenda harder at Sampension
External probe into alternative providers concludes no strong reason for PAD to quit current partner Sampension
IPE Nordic Briefing: Norway opens Arctic division of SWF
Plus: NBIM responds to EU consultation on capital markets supervision; AkademikerPension CIO warns of targeted ads impact
ATP takes key role in national drive to upskill Danes in AI
‘Aim is to ensure ATP doesn’t just keep up with developments, but helps shape them,’ says director of €92bn statutory pensions giant
Pensions expert Rangvid calls Danish system unfair between generations
CBS professor argues for option to pause pension contributions during working life
Danish pension fund CIO takes floor at Alphabet AGM over targeted ads impact
Google-parent AGM votes down call from AkademikerPension, United Church of Canada Pension Plan and others for independent human rights assessment of AI-driven advertising effects
Danish fraud squad drops charges against former Velliv CEO
Case around Steen Michael Erichsen closed, say police, two years after firing following breach of pensions firm’s internal rules
Nordic pension funds hold off on dialling down strategic US exposure
Danish pension funds favoured European equities in Q1, central bank data shows
PFA reverses blacklisting of major aerospace, defence stocks
Danish pensions giant says its ban on makers of nuclear weapon components was keeping Airbus and Boeing out of portfolio
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