On Jul. 1, DEN FSA issued draft amendment re company pensions.
DEN FSA published a consultation relating to a draft amendment to executive order on company pension funds' reporting and sensitivity analyses, with accompanying list.
Proposals
Section 1 amended to clarify that Chapter 3 sensitivity analyses does not apply to parts of a company pension fund scheme that are linked to investment funds.
Where the company pension fund has not assumed investment risk or biometric risk.
Effectiveness
Any comments on the executive order should be submitted by Aug. 30, 2024.
The order shall enter into force on Jan. 1, 2025.
Nov. 2024 Final Executive Order
On Nov. 30, 2024, DEN GVT published executive order on company pension reporting.
DEN GVT published Nov. 27 executive order (OG BEK 1299) amending the Executive Order (OG BEK 677) on company pension funds' reporting and sensitivity analyses.
Executive Order applies to company pension funds covered by section 2(1) of the Act on Company Pension Funds, cf. subsection (2), and exceptions are stipulated.
Chapter 3 of the Executive Order shall not apply to those parts of a pension scheme of a company pension fund which are linked to investment funds.
Also, where company pension fund has not assumed investment risk or biometric risk.
Executive Order contains provisions implementing parts of Directive 2016/2341.
This order will enter into force on Jan. 1, 2025.
In Dec. 2024, DEN GVT issued order on assets in insurance/pensions, see #237101.
Regulators
DEN FSA
Entity Types
Corp; IA; Pension
Reference
OG 11/30/2024; BEK 1299, 11/27/2024; CP, PR, 7/1/2024; OG BEK 677 (DEN) IORP Dir 2016/2341, Dir 2003/41; Citation: OG BEK 1299;
