Danish labour market pension scheme Sampension has won a contract from IT and software company KMD to provide a unified pension scheme for its workforce of around 3,000.

The contract from the Danish IT company will put about DKK3bn (€400m) of pension savings under Sampension’s management, the pension scheme said.

Sampension said KMD invited the leading pension providers to tender for the contract, and was advised by PwC in the process.

Hasse Jørgensen, managing director at Sampension, said: “We are both pleased and proud about the choice for Sampension.”

Lisbeth Hald, director of HR and facility management at KMD, said the company gave overall consideration to economics and industrial relations, but that it had also been important for the agreement to be with a provider that delivered the whole package of a KMD pension and healthcare system.

“It is obviously important that the pension return is OK, but we also put a strong emphasis on being able to offer our staff a completely new insurance product in case they lose the ability to work, and a healthcare plan with a focus on preventative counselling,” she said.

Sampension manages assets of around DKK230bn.