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Article: News: Forca opens doors to other Danish funds.
- Article from:
- epn: European Pensions & Investment News
- Article date:
- October 9, 2006
CopyrightCOPYRIGHT 2006 FT Business. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Byline: Chris Newlands
Forca, the administration service recently launched by PKA, Laerernes Pension (LP), and the Early Childhood Teachers (PBU) fund is making plans to offer its services to other Danish pension funds. At the moment, Forca only provides actuarial, IT, membership and financial services to the three funds that created it.
Jes Damsted, Forca's newly appointed managing director, said that the firm's first aim is to bring the management of PBU and LP in-house by July 2007. After that it will start offering its services to other Danish pension funds. "PKA, LP and PBU established Forca in order to cut down on their administrative costs. The ...