All articles by Rachel Fixsen – Page 195
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News
Søbjerg Nielsen departs PFA
[16:35 CET 27-02] DENMARK - Danish pension fund PFA has announced Niels Søbjerg Nielsen has resigned as its group director, but all those involved remain tight-lipped about the reason for his departure.
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News
Danish pensions make positive gains
DENMARK - Growth in Danish pensions assets slowed significantly last year because turbulent financial markets, but asset levels still rose by between three and four percent, according to figures from the Danish Insurance Association, Forsikring & Pension.
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News
Nordea claims investment turnaround despite outflows
[16:00 CET 13-02] SCANDINAVIA - Nordea Investment Management's assets under management shrank by €5.8bn in 2007. This was mainly because of market depreciation in the wake of the equities downturn, the firm said, but also due to net outflow of €1.7bn.
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News
Danica reacts to outcry on cluster bombs
[16:30 CET 11-02] DENMARK - Danske Bank’s pensions arm Danica Pension will offload DKK103m (€13.8m) of shares in companies linked to the manufacture of cluster bombs within the next fortnight, in the wake of public criticism of its holdings.
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News
FSP sees 4.3% return in turbulent times
DENMARK - Investments at Denmark’s Finanssektorens Pensionskasse (FSP) produced a return of 3.3% last year, after providing for benefit payment guarantees, as commodities and equities contributed double-digit returns.
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Features
Taking a slice of the national pie
Ireland’s reserve fund has proved to be a great success, in part because of its secure funding, says Rachel Fixsen
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Features
Winners and losers in 2007
While all group pension managed funds in Ireland were posting negative returns late last year, figures from Rubicon Investment Consulting show that some were doing less badly than others during the worst of the rout.
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Features
Counting the cost of a downturn
Irish pension funds find out the hard way that eggs really should be kept in more than one basket, Rachel Fixsen discovers
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News
AP Pension makes first direct Asia property bet
[13:00 CET 25-01] DENMARK - AP Pension, the Danish occupational pension scheme, has channelled DKK130m (€17.4m) into an Asian property fund with a portfolio of shopping centres – its first direct foray into Asian real estate funds.
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News
PFA cuts equity exposure over recession fears
[13:00 CET 24-01] DENMARK - Denmark’s PFA Pension made an above-benchmark return on investments of 1.2% in 2007, and has now slashed its equities exposure ahead of the recession it expects to see in the US.
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News
Clarity sought on Denmark's common fund
[16:10 CET 23-01] DENMARK - Denmark’s pension schemes need to be clearer about the money going in and out of the "common fund" of traditional with-profits schemes, warned Economics and Business Affairs Minister Bendt Bendtsen.
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News
AP Pension invests in business loans to Danish firms
[17:02 CET 18-01] DENMARK - Danish occupational pension fund AP Pension has invested DKK250m(E33.5m) in instruments which represent the risk element of business loans, saying the credit crunch has made it worth investors’ while to “play bank”.
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News
Charging regime "will confuse consumers"
[16:40 CET 10-01] DENMARK - Danish occupational pension fund AP Pension has thrown doubt on the industry’s new voluntary guidelines for disclosing costs to customers by suggesting they could just confuse people.
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News
Danish infrastructure opens to private access
[16:15 CET 10-01] DENMARK - The private sector is set to play a far greater role in the long-term task of building and improving Denmark’s roads, bridges and railways, as a result of recommendations by the country’s Infrastructure Commission.
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News
Centre opens knowledge of pensions law
[16:00 CET 09-01] DENMARK - A new research centre has been set up within the Law Faculty of Copenhagen University to boost knowledge about the pensions system in Denmark.
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News
PKA sees costs fall
[11:00 CET 09-01] DENMARK - Pensionskassernes Administration (PKA), Denmark’s largest occupational pension fund administrator, said better administrative systems have allowed it to reduce its costs for members.
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News
Danish pensions eye local infrastructure
[15:45 CET 08-01] DENMARK – DANISH pension funds say they would welcome to chance to invest in infrastructure projects which could be opened by the government for public-private partnerships (PPPs), ahead of a report from the Infrastructure Commission.
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News
Industriens maintains yield despite returns
[13:00 CET 21-12] DENMARK - Industriens Pension, Denmark’s DKK46.7bn (€6.25bn) industry-wide pension fund, has set its account yield at 6.5% after tax for 2008, despite a fall in investment returns.
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News
PensionsInfo enrols new members
[11:00 CET 20-12] DENMARK - Denmark’s national pensions database PensionsInfo says PFA and other providers have now come on board, bringing it closer to its goal of giving individuals a complete picture of their pension provision.
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News
Nordea Liv tops Danica yield
[16:30 CET 19-12] DENMARK - Danish commercial pension provider Nordea Liv & Pension has raised the account yield for its with-profits pension customers to 6% from next year, following “marked growth” compared with recent years.
