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Several external managers for Danish pension fund will get less money to manage

This week, Danish politicians decided to offer the Danes the remainder of their holiday allowance paid out to stimulate the economy further. This means LD Pensions will only receive a fraction of the expected money, and the fund's new external managers will have less capital to manage.

Else Nyvang, Chief Client Officer at LD Pensions. | Photo: PR/LD Pensions

LD Pensions was set to receive DKK 100bn (EUR 13.44bn) from Danish employees' holiday pay due to transitioning to a new Danish Holidays Act. But when the Covid-19 pandemic hit in spring, Danish politicians decided that the Danes could choose to have three weeks of the total of five weeks of holiday allowance paid out in the hope of stimulating the economy.

This week, the Danish politicians decided that the Danes could also choose to spend the remaining two weeks.

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