DENMARK - The Valby-based BankPension is considering allocating around 2% to real estate and may hire external managers in the second quarter of 2004.
Leif Hasager (pictured), head of investments, said: “We may invest around e20m in real estate as it is a good asset class for pension funds to invest in and also because we have no exposure here so far.”
He added that the e20m initial investment could be increased in the future.
“Though it is still too early to say, we will probably adopt the indirect investment strategy for real estate. We plan to fund our real estate investments through our cash reserves.”
The e1.1bn fund is also expected to decide on investments in altenatives such as hedge funds and commodities, following an asset-liability study which is slated to take place in the second half of the year.
Current asset allocation stands at 50% equities and 50% bonds.
Ex-BHS owner Dominic Chappell has been ordered to pay a total of £87,000 in fines and court costs after he was found guilty of failing to provide The Pensions Regulator (TPR) with information.
The Department for Work and Pensions (DWP) has said it while believes in the benefits of consolidating defined benefit (DB) schemes, there are significant issues to overcome.
There is just one week left to register to enter the Workplace Savings and Benefits Awards 2018.
Nearly a third (32%) of employers believe new technologies, such as augmented and virtual reality, will play a part in benefits communications, latest research from Aon Employee Benefits reveals.