Denmark: New regulations for pension companies

Article Abstract:

A new law amendment will make it easier for Danish pension companies to receive aid from abroad. Foreign financial houses can invest capital in Denmark when Danish pension companies' performance are below average. One of the financial houses is Mercer, the world's largest adviser to financial institutions. The company has developed a new organisation for business with the Danish pension companies. Helen Kolbaek, the manager of the Danish pension company PenSam says she is interested and that they are discussing a collaboration with Mercer.

Government regulation, Pension Funds & Benefit Plans, Pension Funds, Mercer, PenSam

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DENMARK: FACTOR ENTERS THE DANISH MARKET

Article Abstract:

Factor, the Norwegian insurance broker, has entered the Danish market by acquiring the small Danish insurance broker Swan. However, Factor's plan is much more ambitious. According to chairman Jorn Allan Pedersen the company is planning to buy suitable small or mid-sized Danish insurance brokers and make Factor one of Denmark's four leading companies. A recent amendment to the Danish act on insurance broker business has made it difficult for independent insurance brokers to meet education demands and to keep authorizations.

Asset sales & divestitures, Insurance Agencies and Brokerages, Insurance agents, brokers, & service, Insurance Agents & Brokers, Insurance industry

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