AMWatch

Pension funds keep 18 banks on a watch list

Following the case of dividend taxes, Danish pension funds JØP and DIP have collaborated to make a watch list including 18 banks. However, it remains unclear what it would take for the pension funds to install real sanctions.

Photo: Bax Lindhardt/Ritzau Scanpix

When multiple media in Denmark, such as the national broadcaster DR and newspaper Politiken, reported that a number of banks were involved in the case of speculation in refunds of dividend taxes, pension funds DIP and JØP, using their shared management company P+, drew up a list of the involved parties in which they have investments, or are related to in other ways.

The list is used to keep an eye on the banks, says Head of ESG at P+, Kirstine Lund Christiansen.

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