All articles by Rachel Fixsen – Page 190
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NewsPensionDanmark expands SRI portfolio with wind farm acquisition
DENMARK – Danish labour-market fund PensionDanmark is to invest DKK700m (€74m) in wind power through the part-acquisition of an offshore farm.
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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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NewsDanish contributions fall for first time in more than decade
DENMARK – The total amount Danes contribute to pension schemes will drop by 5.5% this year, marking the first annual decrease in more than 12 years, according to a forecast from the Danish Insurance Association (F&P).
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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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NewsDanish pension funds in talks over €670m VC fund
DENMARK – Key players in Denmark's pensions industry have begun talks with the government to set up a DKK5bn (€670m) venture capital fund.
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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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NewsDanish schemes invest €100m in renewable energy
[16:45 CET 23-12] DENMARK - Three Danish pension funds, PensionDanmark, PBU and AP Pension have joined forces to invest DKK750m (€101m) in renewable energy projects, including a group of Spanish solar-cell parks which benefit from a 30-year state-backed price guarantee for the energy they produce.
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Strong gains allow Industriens to pay 6%
[16:00 CET 11-12] DENMARK - Industriens Pension is boosting the account dividend it pays scheme members to 6% next year, as a result of the high returns it made on shares and corporate bonds this year.
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PKA faces sanction over undisclosed shareholdings
[16:00 CET 08-12] DENMARK - The Danish financial regulator has reported pensions provider PKA to the police for repeatedly failing to disclose holding large stakes in companies that were above legal limits.
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Buyout market yet to encourage return of Paternoster
[13:00 CET 08-12] UK - Pensions buyout firm Paternoster is set to remain withdrawn from the market for the time being, according to chief Executive Ed Jervis, as market conditions are still insufficient to make the move worthwhile.
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Pension funds weakened corporate recovery – Watson Wyatt
[16:20 CET 07-12] UK - Deficits in final salary pension schemes are making it much harder for UK companies to restructure and prepare themselves for an economic recovery, according to research by Watson Wyatt and the UK employers organisation the CBI.
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Danish pension funds face up to Israeli investments
[16:15 CET 02-12] DENMARK - Danish pension companies PKA and PensionDanmark have defended their controversial Israel-linked investments in the face of public criticism, while Danica Pension has said it may divest several of the holdings.
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PFA increases market share as it posts 5.1% return
[16:30 CET 20-11] DENMARK - PFA Pension saw its market share increase in the first nine months of the year despite reporting a fall in gross premium income.
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FRR awards €4bn to inflation-linked bond mandates
[14:30 CET 20-11] FRANCE - Fonds de reserve pour les retraites (FRR), the €31.9bn French national pension reserve fund, has awarded €4bn in bond mandates to six major managers
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BA trustees reject calls for chairman to resign
[17:00 CET 19-11] UK - As British Airways gears up to merge with Iberia, British Airways Pension Trustees have rejected calls for the trustee board chairman Roger Maynard to resign over impartiality issues.
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NewsUK's CDC completes buy-in with Rothesay Life
[17:00 CET 17-11] UK - The CDC Pension Scheme has bought in insurance to back benefits for defined benefit members in a £370m (€417m) deal with Goldman Sachs subsidiary Rothesay Life, which has parties say has been structured to give the scheme “unique” security.
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NewsPKA suffers fresh criticism over SRI policy
[17:00 CET 17-11] DENMARK - PKA, which administers DKK111bn (€14.9bn) of assets for eight occupational pension funds, has defended its ethical stance and its reasons for several shareholdings in the face of media criticism.
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ATP seeks to follow venture capital success
[16:35 CET 16-11] DENMARK - ATP is planning to launch a second DKK1bn (€130m) ICT venture capital fund in a year’s time, because its first fund has proven to be so successful.
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PensionDanmark’s growth kept afloat by pension transfers
[13:00 CET 12-11] DENMARK - Despite dwindling employment levels in Denmark, PensionDanmark’s premium income rose 2% year-on-year in the first nine months of the 2009, thanks to a hefty increase in pension transfers moving to the firm.
