The Swedish arm of Danica Pension, which was sold by Danske Bank last year, is to change its name to Futur Pension on 10 February 2020, it has been reported.

Danske Bank sold the Swedish subsidiary of Danica Pension in December 2018 for SEK 2.6bn (€247m) to a consortium of investors including private-equity company Polaris and Acathia Capital.

Danica Pension Sweden announced that along with the name change, which according to Sak and Liv will be on 10 February 2020, the company is ready to invest further in the technical development of its platform.

Announcing the name change earlier this year, Danica Pension CEO, Claes Carlson, said the “scalability in our platform is an important prerequisite for our rapid expansion”.

“With the change of ownership and as part of the agreement, we are also using this opportunity to change to a name and a visual identity that is more in line with our ambition and our values,” Carlson previously said.

Despite the sale, the new Futur Pension said it will still work closely with Danske Bank.
Danica Pension Sweden (Futur Pension) has around 150,000 private customers and 15,000 corporate customers.

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