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.

Read the whole article

Get 14 days free access.
No credit card required.

An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

From utopian to center stage at PFA: "It's a challenge worth a proper fight. And trust me, it is not a walk in the park"

Is it possible to make a 180-year-old Swiss private bank significantly more sustainable in less than two years? Sasja Beslik believes so, having left J. Safra Sarasin to take the over the reins at Denmark's largest commercial pension fund, PFA. Even though only 1.5 percent of PFA's clients have opted for its climate product after more than a year on the market, it shouldn't become the mandatory savings product, he argues.

Further reading

Related articles

Trial banner

Latest news


Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch