Interest group Insurance & Pension Denmark unveiled Tuesday five new principles pension companies can use as reference points when setting valuations for alternative investments. For PFA, the country's largest commercial pension firm, the new guidelines will not turn the company's business on its head, Chief Investment Officer Kasper A. Lorenzen tells AMWatch's Danish sister media FinansWatch.dk.
"We pretty much already base our work on these principles. Sometimes things are essentially done correctly without necessarily needing to have rigid terms for it. For us, these principals will serve as a reference for our work and will be something we can revisit at a later time to ensure we're doing the right thing and that we pension firms can use as a common reference," he says.