DENMARK: BANKS HAVE LOST MARKET SHARE

Article Abstract:

Banks have lost significant market share on the Danish pension market in the past few years. In 1997, banks accounted for 46% of pension savings, now the share is under 25%. At the same time, the number of pension savers has increased. By now, 78% of Danes have a pension scheme, compared with 71% by the end of 1998. Pension companies have won market share as many employers have signed so-called labour market pension schemes for their employees. In addition, pension companies competed between themselves in 1998 by offering high interest rates.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 1999
Commercial Banks, Commercial Banking, Market information - general, Statistical Data Included

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA

Denmark: Merger between PFA subsidiaries

Article Abstract:

The Danish pension company PFA is to merge the three subsidiaries PFA Pension I, PFA Pension II and PFA Pension III into PFA Pension Invest. Danica and AP Pension have already merged their corresponding companies previously this year. The mergers are due to the removal of tax benefits for split pension companies.

Publisher: A/S Forlaget Borsen
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
Organizational history, Pension, health, and welfare funds, Abstract, PFA Pensionsforsikringsaktieselskab

User Contributions:

Comment about this article or add new information about this topic:

CAPTCHA


Subjects list: Denmark, Pension funds
This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.