Danish schemes merge

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DENMARK - The DKK39bn (£4.5bn) Industriens Pension, the DKK1.8bn (GBP191m) Pensionskassen for Håndværk og Industri (PHI Pension) and the DKK4.7bn (GBP499m) Pensionskassen for Nærings- og Nydelsesmiddelområdet (PNN Pension) have agreed to merge with an effect from January 2010, MandateWire reports.

This follows a preliminary analysis conducted last year to investigate the benefits of the move. Industriens Pension will now take on around 56,000 new members from PHI Pension and PNN Pension, ...

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