AMWatch

Major Danish pension provider changes name after turning mutual

In the wake of Norliv's takeover of Nordea Liv & Pension, the new customer-owned company is now adopting an entirely new name.

Anne Broeng is chairwoman of the new companyVelliv | Photo: PR.

In future, Nordea Liv & Pension will be renamed Velliv, according to news service Finans. The name change will take effect in the fall, and comes after the customer association Norliv took over the majority of Denmark's third largest pension fund from the Nordea group -- a move which changed the company into one that is customer-owned, or mutual.

Norliv now owns 70 percent of the company, but the idea is for it to take over all the equity in the long run. Norliv is also changing its name to Velliv Association.

Already a subscriber? Log in.

Read the whole article

Get access for 14 days for free.
No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
An error has occured. Please try again later.

Get full access for you and your coworkers.

Start a free company trial today

More from AMWatch

Velliv dives into fintech venture

Collaboration with Upfin, the first venture fund dedicated to targeting Danish fintech companies, will give Velliv access to fintech investments also in the Nordics.

Oil services investments and inflows help BankInvest in Q1

Net inflows have exceeded expectations at BankInvest in Q1. The EUR 20bn manager has been criticized for some of the investments in its sustainable flagship product, but CEO Lars Bo Bertram is proud that the EUR 12bn fund has managed to beat its benchmark despite massive gains for oil and gas.

Further reading

Latest news

AMWatch job

See all jobs

See all jobs

Watch job

See all jobs

See all jobs

Latest news from FinansWatch (dk)

Latest news from EnergyWatch

Latest news from ShippingWatch