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Competitors non-committal about Danica's valuation proposal

Several competitors are happy to discuss the idea of shared guidelines for the valuation of alternative investments. However, the difficulties in reaching a concrete agreement are also being highlighted.

Peter Tind Larsen, head of alternatives at PFA | Photo: PFA/ PR

Danske Bank's pension arm, Danica, has proposed that the pension industry implements a set of shared guidelines for the valuation of unlisted assets. While Dansih pension funds such as Industriens Pension, AP Pension and PBU support the proposal, others have been more reserved, according to Insidebusiness.

"We are open to a dialogue within the industry about the valuation of alternative investments, but also recognize that this is a broad category when it comes to underlying assets and investment structures. There are already guidelines and principles in the area, such as those defined in the Solvency II directive, accounting regulations and the guidance given by the Danish FSA, and it will not be an easy task to come up with further concrete guidelines," says Peter Tind Larsen, who is head of alternative investments at PFA, to Insidebusiness.

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