Architects, vets may shift Danish pensions

Reports in local media suggest that two pension schemes run on behalf of architects as well as agricultural academics and veterinary surgeons may move from Unipension to Sampension in the Danish pensions market.

FinansWatch and Børsen have both reported the change, which has so far been denied by both Unipension and Sampension.

If correct, the move would leave MP Pension, a scheme for tertiary qualified academics in the public sector at universities and upper secondary schools, as the only one using Unipension. Established in 2008, it defines itself as “a consolidated pension administrative service” that oversees the daily management of its current three schemes – the Architects’ Pension Fund (AP), the Pension Fund for Danish MA’s, MSc’s and PhD’s (MP) and the Pension Fund for Agricultural Academics and Veterinary Surgeons (PJD).

Each schem has its own capital, members and supervisory board. As of 2013, Unipension reported its consolidated service employed some 80 staff administering about DKK100bn (€13.4bn) of contributions from about 110,000 scheme members.

The assets of the AP and PJD schemes total DKK18.2bn (€2.44bn).

Sampension (Sampension KP Livsforsikring a/s) is mainly focused on managing pension schemes for white collar staff in municipalities and central government. It claims to manage assets of about DKK250bn (€33.5bn).

 

 

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