The Danish government is putting pressure on the country’s DKr5.5tn (€737bn) pensions industry to invest more in the domestic economy, as some retirement funds reassess their exposure to the US on concerns about its fiscal position and tensions over the future of Greenland.
Morten Bødskov, Denmark’s minister for industry, business and financial affairs, told the FT that rising geopolitical tensions mean pension schemes must be more active in supporting the domestic labour market and the development of new technologies, both in Denmark and the continent more broadly.
Pension funds “need to invest more in Europe, more in Denmark and especially in new technologies”, he said.