Denmark: Pensions and Investment News and Analysis
The industry is pushing for broader market access and defence-investment frameworks. Simultaneously, defence investing is gaining traction among commercial pension players, signalling a potential strategic shift for the sector – one that blends return objectives with national and European resilience. The giant labour market fund ATP is facing scrutiny for underperformance and archaic guidelines.
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
ATP magnifies listed equity gains after dialling down private assets
Danish statutory pension fund posts 6.7% interim return on geared investment portfolio
PenSam dials up risk in climate equities with new manager appointment
Danish labour market pension plan appoints new manager as part of a switch to a more active approach
Danish pensions lobby calls for scrapping of “Arne” pensions tax
“Deeply problematic” that the pensions industry has to pay more in tax than other sectors, says Damsgaard
Denmark’s PBU mulls foray into nature-positive impact investing
‘Climate and biodiversity are acutely connected to social outcomes,’ says pension fund’s alternatives chief Ladegaard
IPE Nordic Briefing: Norway’s sovereign wealth fund under pressure
Plus: Denmark’s PBU sells investments with Israeli links; Danish pension funds see value of investments in defence companies double
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
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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’.”
ATP magnifies listed equity gains after dialling down private assets
Danish statutory pension fund posts 6.7% interim return on geared investment portfolio
PenSam dials up risk in climate equities with new manager appointment
Danish labour market pension plan appoints new manager as part of a switch to a more active approach
Danish pensions lobby calls for scrapping of “Arne” pensions tax
“Deeply problematic” that the pensions industry has to pay more in tax than other sectors, says Damsgaard
Denmark’s PBU mulls foray into nature-positive impact investing
‘Climate and biodiversity are acutely connected to social outcomes,’ says pension fund’s alternatives chief Ladegaard
IPE Nordic Briefing: Norway’s sovereign wealth fund under pressure
Plus: Denmark’s PBU sells investments with Israeli links; Danish pension funds see value of investments in defence companies double
Danica bans 1,700 fossil fuel firms, shifting to ‘transition-ready’ stocks
Danish pension provider draws up long blacklist of ‘transition laggards’ including Shell, Exxon Mobil and Equinor
Danish pension funds doubled defence investments in 15 months, IPD shows
Surge in value of defence assets partly due to pension firms increasing holdings, partly due to rising prices for European-listed defence stocks, says lobby group
Danish pension fund divests Booking on Israel links, as Norway SWF takes steps
Pension fund for early childhood and youth educators decries treatment of children in Gaza; Stoltenberg says NBIM will take measures on Israeli investments next week
Denmark’s pensions lobby teams up with banks to firm up defence financing
IPD and Finance Denmark launch new partnership as a coordinated effort to bolster cooperation with government, authorities on investment and financing for defence
Dollar hedging helps PFA year-to-date return amid summer stocks rally
Danish pension and insurance firms boosted hedging against US currency unit declines to 73%, central bank reports
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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