IPE's Denmark Coverage – Page 67
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News
PFA buys Nordic AM following positive gains
[16:15 CEST 01-04] DENMARK – PFA Pension, the Danish life and pensions provider, managed to generate a return on investments of DKK3.5bn (€460m) in 2008 thanks to a major shift towards fixed income holdings, and is now using some of its assets to buy Nordic Asset Management.
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News
Fewer Danish health workers are retiring early
[17:05 CET 27-02] DENMARK – The proportion of health workers retiring at the age of 60 fell to just 13.2% in 2008 according to research by PKA.
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News
Wealthy Danes save 18 times more - ATP
[16:30 CET 26-02] DENMARK – A small group of high-earning Danish workers had pension savings worth 18 times more than the average pension saver in 2006, according to research by pensions giant ATP.
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News
Bankpension to hedge guaranteed profile
[16:40 CET 23-02] DENMARK – Bankpension, the Danish pension fund for employees in the financial sector, has confirmed it intends to change the asset distribution in its unconditional guarantee 'investment profile' in response to the market turmoil.
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News
ATP hedging avoids draw on reserves
[17:15 CET 05-02] DENMARK – ATP Group, Denmark’s largest pension fund provider, suffered a loss of DKK 25.7bn (€3.4bn) in 2008, though the firm's hedging strategy prevented a need to draw on reserves in what it was described as a "challenging year".
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News
Danish pensions cut interest rates to 2.5%
[16:50 CET 19-12] DENMARK – Two Danish pension funds have confirmed the interest rates on customers' pension accounts will be cut to 2.5% in 2009.
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NewsDanica to cut pension interest to 1.5% in 2009
[17:15 CET 04-12] DENMARK – Danica Pension, the DKK 241bn (€32.36bn) pension arm of Danske Bank, has announced it will pay a net interest rate of 1.5% for all customers with Danica Traditional pension plans.
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NewsDanish pension interest could fall to 4%
[16:20 CET 03-12] DENMARK – Forsikring & Pension, the Danish Insurance Association, has warned pension customers are likely to see interest on their accounts fall below the base rate to at maximum of 4.5% in 2009.
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News
Danish pensions avoid 'red' traffic light
[17:00 CET 02-12] DENMARK – Finanstilsynet, the Danish Financial Supervisory Authority, has confirmed no life insurance companies and pension funds has triggered the 'red light' in its traffic light warning system.
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Features
Balancing risk and return to protect value of benefits
In recent years, liability-side issues have had a very substantial influence on Danish pension fund ATP’s investments. During the past year, therefore, ATP has radically changed its approach to liability-driven investments. Its work in splitting the investment portfolio into separate alpha, beta and liability hedge portfolios has helped ATP carry ...
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Features
Limits set by risk budget help to boost funding rating
Over the past year, Danish pension fund ATP has amended its approach to liability-driven investments, splitting the investment portfolio into separate alpha, beta, and liability hedge portfolios. This approach has won it the themed award for risk management. Risk management has been a cornerstone in the fund’s investment management for ...
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Features
Digging deeper in the members' interests
The key to Denmark’s €41.3bn pension fund winning IPE’s Silver Award for Best European Public Pension Fund in 2005 is undoubtedly its ability to dig deeper to achieve the best possible solutions for its members. This is evident in its four-pronged approach to mastering pension fund management. Firstly, it considers ...
