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
08/05/2017at 13:29

Pension fund plans to help boost Danish welfare

Skandia intends to invest in Danish welfare projects, and pension savers will only make returns if a project's goals are reached. The Danish Financial Supervisory Agency warns that pension funds are meant to primarily generate returns for savers, writes media Finans.
Morten Halborg, CEO of Skandia Asset Management.
BY RITZAU FINANS

Pension company Skandia is ready to invest upwards of DKK 500 million (EUR 67 million) in Danish welfare projects, reports Danish business media Finans.

Projects could include treatment facilities for drug and alcohol abuse or efforts to support more people through secondary education programs.

Pension savers will only make returns if the goals of a project are met.

"Where some parties have chosen to heavily invest in wind turbines and public infrastructure, our expertise lies in prevention. We expect to launch the first project this year," says CEO of Skandia Asset Management, Morten Halberg, to Finans.

PKA has 300,000 members. They work in health care, social services, etc, and they are not opposed to social investing. But the pension company does require guaranteed returns.

Danish politicians are excited about the prospect of pension fund money going to support public projects.

However, the Danish Financial Supervisory Agency (FSA) warns against make-or-break investments. The FSA stresses that the pension funds are first and foremost obligated to generate returns for members.

"The companies must evaluate whether an investment, where they run the risk of losing the entire sum, fits with the existing portfolio of assets and suits what they have promised customers," says Deputy Director General of the Danish FSA, Jan Parner.

English Edit: Gretchen Deverell Pedersen

Sign up for our newsletter

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

!
Newsletter terms

Front page now

Foto: Thomas Borberg/Ritzau Scanpix
Responsible Investing

Dane's equity holdings shrank by 9% in 2022

Danish investors’ total holdings of equities receded by DKK 57bn (EUR 7.7bn) over last year, new figures from Denmark’s central bank show.
  • Danes change pension companies more frequently than Swedes
  • AP Pension CIO craves more nuance in debate on alternatives

For subscribers

Foto: Shannon Stapleton/Reuters/Ritzau Scanpix
AMNews

Investors are missing earnings data after 2022 IPO collapse

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

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

Michael Probst/AP/Ritzau Scanpix
Responsible Investing

Global clean-energy investments match fossil fuel for the first time

For subscribers

Further reading

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

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

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

  • 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
  • Deutsche Bank fund unit doubles down on ETF target amid outflows – 26 Jan
See all

Jobs

  • PenSam søger en jurist med interesse for den finansielle sektor

  • Porteføljemanager til danske ejendomme i PenSam

Watch Jobs

  • Danske Rederier søger klimakonsulent til barselsvikariat

  • Regnskabs-/økonomichef

  • Business Change Manager til implementering af fremtidens togs uddannelsesprojekter

  • Forvaltningsservicechef i Vestforbrænding

  • Senior Porteføljemanager

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