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Pension

New pension fund CEO seized the opportunity

Starting at the turn of the year, Danish pension fund Lærernes Pension has a new CEO. Karsten Kjellerup Kjeldsen's career is clearly characterized by investment and while he had not expected to become CEO this early, he looks forward to taking on his new responsibilities and manage the pension savings of 146,000 teachers.

"ATP is simply one of the most attractive work places for an investor"

On Wednesday, the largest pension fund in Denmark ATP announced the name of its new CIO. Mikkel Svenstrup, 45, looks forward to entering an organization whose investments are based on ideas and principles that are in line with his own. Whether he will introduce changes to the investment strategy is too soon to tell, he says.

Fund selection in Swedish pensions platform likely to be halved

Expensive funds and those with a likelihood of relatively poor performance will be exempted while some of the formal barriers for small and start-up fund managers to join the pensions platform will be removed, says government selected special investigator Mikael Westberg in his report today, Monday.

Divestment of Swedish pension business doubles Danica's profits

Danske Bank's pension division Danica reports more than a doubling of its profits before tax in the first nine months of the year compared to the same period the year before. The development is mainly thanks to the divestment of Danica Pension Sweden, which was fully completed in the second quarter. However, the total payment of premiums is down.

Finance professor's response to ATP following public discussion: You should've followed experts' advice in 2014

Copenhagen Business School Finance Professor Jesper Rangvid considers it a pity that five years ago Danish pension fund ATP did not embrace changes to its business model that directs majority of payments to a hedging portfolio. While ATP Chief Executive Officer Bo Foged has announced to be pleased with the fund's interest hedging – and relieved not to have followed experts' advice – Danish savers and ATP could have benefited from more freedom to invest, Rangvid claims.

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