Denmark

DENMARK - The recent European Court of Justice ruling on pensions will likely spark increased competition in the pension market, resulting in lower prices and new products for the Danish public, Aon has claimed.

DENMARK - PensionDanmark has yielded a return of €480m in 2006, equivalent to 7% before taxes and investment costs.

DENMARK - The Danish government has been found to have breached European law by not granting tax deductions on contributions made under contracts with foreign pension institutions.

FINLAND - Three of Europe's largest pension funds have invested equal capital in a new and customised property fund launched by Aberdeen Property Investors.

DENMARK — Industriens Pensionsforsikring has awarded a DKR372m (€50m) Japan Small Cap equities mandate to State Street Global Advisors (SSgA).

DENMARK - PensionDanmark posted a benchmark-beating 3.6% return during the third quarter 2006, which saw the fund grow DKK1.4bn year-to-date to a total of DKK58.9bn (€7.9bn).

DENMARK - The DKK416bn (€55.8bn) ATP achieved profits of DKK7.3bn (€980m) in a strong third quarter, bringing its year to date profits to DKK11.8bn.

DENMARK - The DKR38bn (e5.1bn) Industriens Pensionsforsikring is seeking managers to target returns in the active currency space, with an appointment likely early next year.

DENMARK - The prevalent use of interest rate swaps to hedge future liabilities is set to continue among Danish pension funds, industry players in the country have said.

DENMARK - The lucrative Danish industry has become a hotly contested one following number of new entrants and a concerted push by mid-sized players, industry players said.