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ATP steams ahead with contingency plans for no-deal Brexit

Even though ATP has yet to iron out the problems of its UK-based subsidiary Now:Pensions, the mammoth pension fund is busy preparing its investment unit for a no-deal Brexit.

Jan Ritter, head of hedging and treasury at ATP | Photo: ATP PR

Denmark's biggest pension fund ATP is one of a long list of Danish companies with links to the UK, but with Brexit now less than six months away, a deal on how relations will be between Britain and the EU has yet to be struck.

One of the hurdles facing ATP involves its subsidiary Now:Pensions, which offers labor-market pensions in the UK. The ATP Act, which determines which assets ATP can invest in, states that ATP can have subsidiaries abroad if the following conditions are fulfilled:

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