World’s top pension funds told: Drop focus on short-term returns

The watchdog overseeing one of the world’s most successful pension industries says its fund managers are focusing too much on quarterly returns.

Director General at Denmark's FSA Jesper Berg. | Photo: Jan Bjarke Mindegaard

The EUR 550 billion life-savings sector of Denmark, which, together with the Netherlands, tops global industry rankings, may now be facing regulatory action as the Financial Supervisory Authority in Copenhagen makes clear it wants funds to shift focus to investments that meet longer-term targets.

"Pensions are the source of income for people who have very little else, so it’s important to view them not as the whipped cream on top of the cake," Jesper Berg, director general of the FSA, said in an interview.

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