Good morning everyone! As an entrepreneur and self-employed Iām one of the lucky ones who can decide which pension fund I want to use. So that will be my task this week: Find the greenest pension in Denmark and move my existing black pension out of P+ (former DIP).
Hi Michael. I liked this issue a lot. Perhaps even more than the old one. Sometimes I read, sometimes I listen to the newsletter and this week I read. This new format definitely leave a better reading experience in my opinion compared to the old. I will ditto looking into moving my pension and also have a good look at my bank and their investment strategy (y)
I checked out my current bank - LĆ„n&Spar - and was actually quite pleased with their initiatives and investment strategy. Basically they are using the Dow Jones Sustainability index to benchmark all of their international investments to avoid weapons, tobacco, alcohol, gambling, adult entertainment og fossil fuels. On top of that they have made a number of green investment programs to make it easy for you as a client to invest your own money.
Interesting. Iām not very familiar with that index. But be aware if theyāre using some form of ESG to evaluate that (as fossils and more other baddies tend to score very well on S and G). But sounds good that theyāre staying out of fossil fuels! :)
So I looked into Danish pensions via the WWF link in the newsletter and hereās what I found out. Although PKA and MP Pension is at the very top (scoring the same amounts of points) theyāre quite different in terms of their anti-fossil investment strategy. MP Pension has decided to leave fossil gas investments as they are. That is a total dealbreaker to me and frankly I donāt get why WWF scores them so high because of that. So for me thereās only one option which is PKA. The problem is though that even PKA has still only formulated strategies, they have completed no divestment at all :(.
Iām fortunate that as self-employed I can decide where I want my pension money to go and due to neglect I havenāt actually paid for one in some years now. So what Iāve done instead of going full PKA is to create a private ārate-pensionā via Nordnet. Here I can decide myself how to invest and I can put it only in green funds that satisfy my pretty strict requirement for no fossils at all. I will also have a chat with PKA about setting up a ālivrenteā probably... Havenāt decided 100% on that yet as Iām frankly not satisfied by even the greenest pension fund in Denmark..
Anybody else looking at pension in Denmark or other countries?
Good morning everyone! As an entrepreneur and self-employed Iām one of the lucky ones who can decide which pension fund I want to use. So that will be my task this week: Find the greenest pension in Denmark and move my existing black pension out of P+ (former DIP).
Amazing! Thank you so much š I loved the take action part!
Thanks Brian! So what youāre gonna work on this week? š
Hi Michael. I liked this issue a lot. Perhaps even more than the old one. Sometimes I read, sometimes I listen to the newsletter and this week I read. This new format definitely leave a better reading experience in my opinion compared to the old. I will ditto looking into moving my pension and also have a good look at my bank and their investment strategy (y)
Thanks for the feedback, Morten! And great to hear. Canāt wait to hear what you find out! šŖ
I checked out my current bank - LĆ„n&Spar - and was actually quite pleased with their initiatives and investment strategy. Basically they are using the Dow Jones Sustainability index to benchmark all of their international investments to avoid weapons, tobacco, alcohol, gambling, adult entertainment og fossil fuels. On top of that they have made a number of green investment programs to make it easy for you as a client to invest your own money.
Interesting. Iām not very familiar with that index. But be aware if theyāre using some form of ESG to evaluate that (as fossils and more other baddies tend to score very well on S and G). But sounds good that theyāre staying out of fossil fuels! :)
So I looked into Danish pensions via the WWF link in the newsletter and hereās what I found out. Although PKA and MP Pension is at the very top (scoring the same amounts of points) theyāre quite different in terms of their anti-fossil investment strategy. MP Pension has decided to leave fossil gas investments as they are. That is a total dealbreaker to me and frankly I donāt get why WWF scores them so high because of that. So for me thereās only one option which is PKA. The problem is though that even PKA has still only formulated strategies, they have completed no divestment at all :(.
Iām fortunate that as self-employed I can decide where I want my pension money to go and due to neglect I havenāt actually paid for one in some years now. So what Iāve done instead of going full PKA is to create a private ārate-pensionā via Nordnet. Here I can decide myself how to invest and I can put it only in green funds that satisfy my pretty strict requirement for no fossils at all. I will also have a chat with PKA about setting up a ālivrenteā probably... Havenāt decided 100% on that yet as Iām frankly not satisfied by even the greenest pension fund in Denmark..
Anybody else looking at pension in Denmark or other countries?