Denmark

DENMARK - Denmark's biggest pension fund ATP probably won't invest in top-rated bonds sold by Europe's rescue fund as it deems the securities to be too risky, said Henrik Gade Jepsen, the fund's chief investment officer.

UK/DENMARK - Former Conservative pensions spokesman Nigel Waterson has joined Danish pension fund ATP to help it launch an alternative to the National Employment Savings Trust.

DENMARK - The Danish government has proposed to phase out the nation's early retirement scheme to save DKK18bn ($3.3bn) by 2020.

DENMARK - Lærernes Pension, the pension fund for Danish teachers, has hired State Street Global Advisors (SSgA) to run a $271m US investment-grade bond portfolio with an environmental, social and governance screen.

DENMARK - ATP has named its deputy CIO Henrik Gade Jepsen as chief investment officer.

DENMARK - ATP investment chief Bjarne Graven Larsen is leaving the Danish pension fund to join FIH Erhvervsbank as chief executive officer.

DENMARK - The ATP Supervisory Board has allocated DKK23bn ($4.1bn) to help safeguard the fund against rising Danish life expectancy.

The Danish Financial Supervisory Authority plans to release mortality benchmarks which will be used to help calculate pension liabilities.

DENMARK - Sampension has set in motion a restructure of its €2bn ($2.6bn) equities portfolio by incorporating a core/satellite approach and plans to search for absolute return strategies for the first time.

DENMARK - The private equity arm of pension fund ATP has launched a new €1bn ($1.3bn) fund backed fully by the pension scheme.