Pension

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Danish pension provider invests in 13-building British office asset

The Danish pension provider PFA and its international partners are investing billions in a central London office development.

Pension fund snatches CEO of Denmark's Export Credit Agency

After 11 years as Chief Executive of the Danish government's Export Credit Agency, Anette Ebnerhard has quit in order to join a large pension fund as head of alternative investments.

Maj Invest CEO puts own money into new Nordic venture fund

Jeppe Christiansen, CEO, founder and co-owner of the Danish asset management and private equity firm Maj Invest, is investing -- alongside others -- DKK 150 million (EUR 20 million) in Nordic Eye, a new venture fund, according to Danish business paper Børsen.

Climate advocate's proposal voted down at insurance AGM

One of Topdanmark's shareholders put forward a proposal that the company institute the climate recommendations of the G20 nations' financial task force -- which aim to prevent another financial crisis. But the Danish insurer's Annual General Meeting voted against the idea.

Danica's SEB takeover creates uncertainty for pension advisers

With its takeover of SEB Pension, Danica acquired one the market's best investment products, according to Danish business newsletter Økonomisk Ugebrev. But it reports that the lack of information on Danica's future plans for the new business is creating uncertainty for pension advisers.

Danica's takeover of SEB creates uncertainty among pension advisors

With its takeover of SEB Pension, Danica acquired one the market's best investment products, according to a Danish media service. However, the lack of information regarding Danica's future plans creates insecurity among pension advisors.

WWF Denmark: Pension funds moving climate up the agenda

For the fourth time since 2013, Danish pension funds' level of climate awareness has come under scrutiny by WWF Denmark. And overall, the environmental organisation finds the latest results more encouraging.

Bjarne Graven Larsen quits Canadian pension fund and returns to Denmark

The former CIO of the Danish pension provider ATP and former co-CEO of the Danish investment bank FIH Bjarne Graven Larsen has resigned from his position as CIO and executive vice president of the Canadian pension fund Ontario Teachers' Pension Plan.

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Skandia reports growth in premiums -- but also in costs and deficit

Skandia managed to reverse the downward trend of its regular contributions last year, winning many new clients, according to the firm's annual report. But the figures reveal it made a loss last year after selling its Bonuspension's market return pension business, and the company's costs are growing from a level that is already high.

PFA wins access to "future talents" with new fintech link

The Danish pension provider, PFA has signed a cooperation deal with the industry organization Copenhagen Fintech. The link-up is described as a "win-win" situation which will give it direct access to the Danish financial technology community.

EU-Commissioner eyes competition probe into pension fund equity ownership

The Danish EU Commissioner for Competition has signalled she wants to investigate whether pension and investment fund ownership of companies in the same business sector harms competition, according to a report in Danish financial news service Finans.

“I missed the never-ending learning of the investment arena”

Career Path: Timo Viherkenttä’s professional journey has taken many unexpected turns before he landed the job of the chief executive of The State Pension Fund of Finland (Valtion Eläkerahasto, VER) three years ago. A few years before that, he took the eyebrow-raising decision to voluntarily leave Finland’s Supreme Administrative Court judiciary — preferring a fresh start in a government role.

Finland’s State Pension Fund bumps up against asset class limits

Demographic changes have turned cashflows negative for Valtion Eläkerahasto (VER), the buffer fund for Finland’s central government staff pensions bill. The higher returns offered by equities suit the fund as it races to keep up with its outflows, but at 47 percent VER’s equity allocation is now getting close to the limit, the fund’s CEO tells AMWatch.

AMWatch