Denmark’s AkademikerPension hit DKK 150bn in assets last Wednesday 3 November, it has revealed.

AkademikerPension director, Jens Munch Holst, said the figure was a “sharp corner to round” and it means that members do not need to worry about their pension payments. He stated that several factors have caused the increase in assets, including an rise in net payments from a growing number of members and having good returns for several years in a row.

The news comes as the fund recently announced that chairman of the board, Egon Kristensen will be stepping down.

"I have decided that it is time for me to retire in earnest. I am proud to be able to leave the presidency with almost a doubling of our green investment targets. I am also proud that all 149,000 members from 2009 to 2020 have received an annual average return of 8.9 per cent. A return achieved on a responsible basis,” Kristensen said of his departure.

The now retired high school teacher from Ikast-Brande Gymnasium was elected to the board in 2013 and was elected chairman in 2016. He said that during his time, the fund has turned its focus to the climate, human rights, equality and inflated remuneration of company boards. He believes that the green transition that the fund is undertaking will benefit it in the future.

"The world is going to change a lot when we look forward to 2030 and 2050. We already have that future in the binoculars when we invest. The climate and green investments take up a lot of space and will fill even more in the coming decades ”.

AkademikerPension’s members will be able to vote to elect two new board members from 18 November.

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