A part of Watch Media

AMWatchFriday27 January 2023

  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Search
  • Log in
  • Latest
  • Search
  • Log in
  • Fund Management
  • Pension
  • Responsible Investing
  • People
18/12/2017at 13:34

Allan Polack: Longer lives create opportunities for pension firms

The fact that Danes are now on average living longer should not be seen solely as a problem for the pensions industry, says PFA’s CEO, Allan Polack. There is "huge potential" for the sector in the resulting fragmentation of working lives, he claims.
Photo: PFA presse
by MICHAEL TRIER DUELUND

While most pension companies are busy discussing the business problems arising from increasing longevity, which can make pension savings insufficient, the CEO of Denmark's largest commercial pension company, PFA, believes there is also huge commercial potential to be gained from the demographic shift.

Allan Polack, CEO of PFA, was speaking at the “Value Driven Insurance” conference, hosted by IT company DXC in Copenhagen's Valby district.

"Many of us discuss changes in demography as if it is a scary thing, because it's not funded. But you can also turn that point around and see that those extra 15 years hold a huge potential. And if we start thinking more like that, we have much more flexibility," the PFA CEO told around 50 participants at the conference.

Whereas we today have a very traditional structure where people first educate themselves to stay on the labor market until the retirement age, Allan Polack predicts that in future we will see a completely different and much less divided pattern:

"We are moving into a time where we might try explore more, maybe try being self-employed for a period of time, maybe taking a new education. Who says that it’s the best solution to get an education when you are 18-24 years old and that knowledge is supposed sufficient for the rest of your working life. It's actually not logical," he said.

He believes that it would be far more logical to only start with two to three years of education to get the necessary tools some years on the labor market, then get some more education, and so on.

"Some of us who work in larger organizations must definitely look at how we can handle it and become more flexible. There is a huge potential in the market," Allan Polack said, although without suggesting how the potential might be utilized.

English Edit: Marie Honoré

Sign up for our newsletter

Stay ahead of development by receiving our newsletter on the latest sector knowledge.

!
Newsletter terms

Front page now

Pension firms can play a significant role to make companies more in a more sustainable direction, says SPP and Storebrand Head of Sustainability, Johanna Lundgren Gestlöf. | Photo: Jonas Eng
AMNews

Two more pension firms join the green club in Swedish sustainability rankings

Swedish unit-link insurance companies have undergone their annual sustainability assessment by insurance brokers, Söderberg & Partners. Several have moved up and down the rankings.
  • Alecta goes from amber to red in sustainability report
  • New sustainability report: Higher quality in fund offerings from Swedish unit-link insurance companies

For subscribers

Maunu Lehtimäki, CEO of Evli. | Foto: PR Evli.
AMWatch

Alternative sales grow and net flows start to stabilize at Finland's Evli

For subscribers

Speed is of the essence when launching new investment products, CFO Masih Yazdi says. | Foto: PR / SEB
Fund Management

SEB aims for speedy product launches to make up for huge AUM drop in 2022

For subscribers

Foto: Thomas Borberg/Ritzau Scanpix
Responsible Investing

Dane's equity holdings shrank by 9% in 2022

For subscribers

Photo: Shannon Stapleton/Reuters/Ritzau Scanpix
AMNews

Investors are missing earnings data after 2022 IPO collapse

For subscribers

Karl C. W. Mathisen fills position as CEqO at Folketrygdfondet on Feb. 1. | Photo: Folketrygdfondet
People

Folketrygdfondet finds new head of equities in own ranks

For subscribers

Further reading

Speed is of the essence when launching new investment products, CFO Masih Yazdi says. | Foto: PR / SEB
Fund Management

SEB aims for speedy product launches to make up for huge AUM drop in 2022

The loss of a SEK 50bn mandate affected SEB’s AUM performance last year. Looking ahead, CFO Masih Yazdi believes that alternatives and fixed income will be important investment areas.

For subscribers

Storebrand Fonder CEO Åsa Wallenberg considers sustainability a guiding principle for the company. | Foto: Fredrik Hjerling
Fund Management

Storebrand Fonder provides more than three-quarters of Swedish fund inflow

The fund manager contributed the lion’s share of net inflow to the Swedish fund market last year – SEK 14.5bn of a SEK 19bn total. Sustainability is the key to the company’s investment policy.

For subscribers

Maunu Lehtimäki, CEO of Evli. | Foto: PR Evli.
AMWatch

Alternative sales grow and net flows start to stabilize at Finland's Evli

In 2022, the sales of Evli’s alternative investment products saw notable growth with fee income from this product range increasing by 50%. CEO Maunu Lehtimäki evaluates the company’s annual results.

For subscribers

Latest news

  • Two more pension firms join the green club in Swedish sustainability rankings – 16:01
  • Investors are missing earnings data after 2022 IPO collapse – 15:07
  • Dane's equity holdings shrank by 9% in 2022 – 14:48
  • SEB aims for speedy product launches to make up for huge AUM drop in 2022 – 10:42
  • Alternative sales grow and net flows start to stabilize at Finland's Evli – 10:27
  • Folketrygdfondet finds new head of equities in own ranks – 09:37
  • Global clean-energy investments match fossil fuel for the first time – 07:50
  • Here is how Norwegian fund managers performed in 2022 – 26 Jan
  • Morgan Stanley fines its bankers over messaging breaches – 26 Jan
  • Slight recovery in SEB’s AUM in fourth quarter – but outflow continues – 26 Jan
See all

Jobs

  • PenSam søger en jurist med interesse for den finansielle sektor

  • Porteføljemanager til danske ejendomme i PenSam

Watch Jobs

  • Centerdirektør til Sønderborg

  • Business Controller til DAHL Advokatpartnerselskab i Jylland

  • Salesforce-udvikler eller -arkitekt

  • People and Operations Partner

  • Danske Rederier søger klimakonsulent til barselsvikariat

See all jobs

Jobs

  • PenSam søger en jurist med interesse for den finansielle sektor

  • Porteføljemanager til danske ejendomme i PenSam

See all jobs

Colophon

AMWatch
Search

Sections

  • Fund Management
  • Pension
  • Responsible Investing
  • People
  • Sitemap
  • RSS feeds

Editor

Anne Louise Houmann

alh@amwatch.dk

Tel.: +45 2830 5142

Editor-in-chief

Anders Heering

Publisher

JP/Politiken Media Group Ltd

Advertising

annoncering@infowatch.dk

Tel.: +45 7077 7491

Advertising

Job Advertising

job@infowatch.dk

Tel.: +45 7077 7491

Jobs

Subscription

Try AMWatch or get an offer for a subscription meeting the exact needs of you or your company.

amwatch@infowatch.dk

Tel.: +45 7077 7491

Learn more about subscriptions here

Address

AMWatch

Rådhuspladsen 37

1785 Copenhagen K, Denmark

Tel.: +45 3330 8382

Guidelines

  • Privacy Policy

Copyright © AMWatch — All rights reserved

Microsoft is in the process of discontinuing Internet Explorer – and so are we.
For a better experience, we recommend using one of the following browsers.

Kind regards,
AMWatch

Google ChromeMozilla FirefoxMicrosoft Edge