AMWatch

PFA under fire for interpretation of EU sustainability regulations

Danish pension company PFA interprets the new EU regulations differently from the rest of the industry and the Danish FSA. PFA says they are being cautious – but that approach is not in line with the regulation, says a law professor.

Photo: PR/PFA

Denmark's largest commercial pension company, PFA, is lagging behind when it comes to the implementation of new sustainability disclosure requirements which came into force on March 10.

PFA Invest only publishes a small amount of information about the sustainability of its underlying funds, in contrast to funds managed by Danske Invest, Bankinvest and a number of other Danish asset managers, which have long categorized their products and disclosed information in line with the new regulation.

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