DENMARK: UNIT LINK COMPANIES FAIL IN AN ANALYSIS
Article Abstract:
An analysis conducted by the pension insurance broker Mercer shows that prices and quality vary greatly between pension fund suppliers in Denmark. Six suppliers of unit linked products were included in the test and results indicate major differences in cost, choice of products, service and guidance. It was remarkable that one of the biggest companies, Tryg-Baltica, gets fairly poor grades in the survey. The company has only 13 funds whereas its rivals have about twice as many. Besides, its geographic coverage is smaller than that of rivals and its Internet banking service is not as advanced as its rivals. The analysis indicates, however, that there has been an improvement in the business as IT systems have improved. Despite this, no supplier has yet managed to offer its clients an optimal service.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: "Poor management at pension companies"
Article Abstract:
The board of directors at a number of pension companies in Denmark including PFA, PenSam, PensionSelskaberne, Lonmodtagernes Dyrtidsfond, have been compiled in a highly unprofessional manner, according to two Danish professors of company law, Jan Schans Christensen of the University of Copenhagen and Paul Kruger Andersen of the School of Economics in Arhus. The boards of many pension companies consist of members that have been elected on political grounds and lack the professional competence to develop emergency strategies for companies, the professors say, which is the reason why PFA coped so badly in the wake of the September 11 terror attacks in the US.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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Denmark: Pension companies risk insolvency
Article Abstract:
The downturn of the equity market has brought several pension insurance companies close to insolvency. According to a new law pension companies must be able to overcome an equity fall of 12 per cent and an interest alteration of 1 per cent. According to Borsen Codan, Danica, PFA and TopDanmark will have difficulties in giving their customers the promised return of 8.5 per cent. The Danish Finance Department will consider each case and discuss the situation with each company before taking over control of a company.
Publication Name: Boersen
Subject: Business, international
ISSN:
Year: 2001
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