World’s Top Pension Funds Told: Drop Focus on Short-Term Returns
- Watchdog says savings funds shouldn’t minic asset managers
- The warning comes as pension funds load up on riskier assets
Jesper Berg.
Photographer: Jon Norddahl/Finanstilsynet
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The watchdog overseeing one of the world’s most successful pension industries says its fund managers are focusing too much on quarterly returns.
The $650 billion life-savings sector of Denmark, which, together with the Netherlands, tops global industry rankings, may now be facing regulatory action as the Financial Supervisory Authority in Copenhagen makes clear it wants funds to shift focus to investments that meet longer-term targets.