IPE's Denmark Coverage – Page 65
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NewsPensionDanmark posts 13.8% profit for year to date
DENMARK – PensionDanmark posted a 12.6% pre-tax investment profit for the first nine months of the year and said the result has grown further since the end of the reporting period to 13.8%.
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NewsThird-quarter profits soar by 26% at Danica Pension
DENMARK – Danica Pension – the country's largest commercial pensions provider – saw profits increase by more than a quarter at the group level in its latest interim report, with contributions from international business more than doubling in a year.
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NewsNordic roundup: Skagen Fonder, PPM, Gjensidige, Alecta, AMF, Länsförsäkringar
EUROPE – Skagen Fonder, the largest foreign manager within the Swedish premium based state pension system PPM, is considering withdrawing its funds from the system.
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NewsProfits over first three quarters soar at Denmark's ATP
DENMARK – ATP has generated a profit of DKK17.4bn (€2.3bn) over the first nine months of this year, overshooting its target for the entire year, with all five asset classing posting positive returns.
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NewsAssets at Nordea's Life & Pensions division surge by 19%
EUROPE – Nordea's Life & Pensions division saw a significant rise in the value of assets under management in the third quarter of this year, which the Nordic and Baltic banking group attributed to asset price growth, as well as net inflows.
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NewsDenmark's Sampension returns 14% in first half
DENMARK – Major Danish pension fund Sampension reported a 14% pre-tax profit on investment for its with-profits scheme for the first half, bouncing back from a 3% loss in the same period last year due largely to bonds and Danish equities.
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NewsNordic roundup: PIMCO, Storebrand, Catella Fondförvaltning, Söderberg & Partners, AI Pension
EUROPE – PIMCO, the US bond specialist, has appointed Storebrand, the Norwegian pension and insurance provider, for the SRI screening of one of its new bond funds, the PIMCO Emerging Markets SRI Bond.
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AP Pension sees surge in contributions, returns of 10% in first half of 2010
DENMARK – Contributions at Danish commercial provider AP Pension soared by 39% in the first half of this year, while its investment return outstripped those seen at all major rivals, according to AP Pension.
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NewsNordic roundup: AP1, AP6, F&C Asset Management, Collectum, SPP, Finnish Centre for Pensions
EUROPE – AP1, one of the Swedish national buffer funds, posted net investment income of SEK2.3bn (€247m) after expenses, representing a total return of 1.1% during the first six months of the year.
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NewsDanish roundup: PensionDanmark, PFA Pension, Industriens Pension
DENMARK – Danish labour-market pension fund PensionDanmark posted a pre-tax profit on investments of 7.5% in the first half of this year, due largely to gains on bonds and tactical risk management.
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NewsATP's H1 results boosted by domestic equities, interest rates
DENMARK – Domestic equities and interest rates helped Denmark's largest pension fund ATP – ranked fifth in IPE's Top 1,000 European Pension Funds – to a half-year profit of DKK11.7bn (€1.6bn).
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NewsNordic roundup: Pension Fennia, Etera
FINLAND – Pension Fennia and Etera have announced results for the first half of the year, with Pension Fennia's chief investment officer saying the economic outlook looks "exceptionally unstable".
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NewsDanish generational rule change means work for pension providers
DENMARK – Danish regulators are acting to rule out intergenerational subsidy within guaranteed pension contracts with new rules on with-profits arrangements, and pension providers will now have to set guarantees and investment strategies for different generational groups.
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NewsCost-cutting sees Danish pension provider weather tough markets
DENMARK – Profits at Danish pension provider Danica showed strong growth at the half-year stage, with business boosted by revenue from Norway and Sweden rather than the domestic market.
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Industriens gains 15.4% on stocks but uncertainty looms
DENMARK – Industriens Pension, the pension fund for the industrial sector in Denmark, benefited from a 15.4% return on Danish stocks in the first quarter of 2010, with its global equities portfolio delivering half that (7.7%) in total.
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Swedish and Norwegian business boosts Danica pension premiums
NORDICS – Danica benefited from increased pension premiums in Sweden and Norway during the first quarter, while posting positive returns across its pension products.
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Domestic equities drive ATP's 2.9% return
DENMARK – A large allocation to domestic equities helped boost the first quarter results from ATP Group, which reported a 2.9%, return on its investment portfolio.
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Industriens Pension active investments return 22.4% in 2009
DENMARK - Industriens Pension, the pension fund for the industrial sector in Denmark, returned 22.4% in 2009, before taxes. The positive return is a result of a large equity and corporate bond allocation.
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PensionDanmark posts record returns for 2009
DENMARK – PensionDanmark’s full-year performance figures for 2009 showed the firm generated record returns of DKK10.5bn – a slight increase on the DKK10.4bn first published in preliminary numbers in February.
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Danish pensions received record contributions in 2009
DENMARK - Danes paid a record DKK116bn (€15.58bn) in pension contributions in 2009 despite the financial crises, according to latest numbers from the insurance association, Forsikring & Pension. However, officials warn contributions will fall in 2010.
