The board of directors and management handle the overall strategic management, inclusive the objectives for outsourcing to the collaboration partners and the guidelines for follow-up and control
For several years, LD Pensions has made use of outsourcing in order to be able to draw on competences and economies of scale with our collaboration partners. Thereby, it has become possible to handle the tasks with an organisation comprising of 15 employees, who mainly handle management tasks, control and reporting in relation to tasks which are handled by external collaborations partners. Furthermore, LD Pensions' own organisation ensures that rules and guidelines are complied with both internally in LD Pensions and externally with the collaboration partners.
In December 2014, after having submitted a EU tender, LD Pensions entered into a collaboration agreement with FDC A/S about membership administration and it-operations. The membership administration was originally transferred from ATP to FDC in October 2010. FDC has chosen KMD A/S as subcontractor for the membership service area.
The agreement with FDC offers several possibilities for adjusting the costs concurrently with the decreasing number of members. Furthermore, LD Pensions has obtained better possibilities for follow-up on service objectives.
After having submitted a EU tender in 2014 LD Pensions selected Danish and foreign portfolio managers, who are responsible for the investment management in relation to the different investment mandates.
LD Pensions has planned the investment management and the agreements with the external portfolio managers in a way, which ensures that both the members in LD discretionary and the remaining portfolios in LD Pensions benefit from the same investment management. This provides advantages both in relation to investments, but also lower costs in relation to portfolio management.
The fund is founded by LD Pensions in order to make it possible to enter an agreement with an external company about investment management tasks. The fund is 100 % owned by LD Pensions and embrace the major part of LD’Pensions' listed assets.
LD founded LD Equity 1 K/S in 2006. LD Equity 1 K/S handles investments within non-listed and minor listed companies. The company is a limited partnership, which is a typical company form for investment funds. LD Pensions owns 76.1 % of LD Equity 1 K/S.
Investment Fund Administration
The Majority of LD Pensions' listed assets are placed in Kapitalforeningen LD (KLD). By placing the assets in an alternative investment fund it became possible to enter into an agreement with an investment management company about administration of securities. Such an agreement was entered with Nykredit Portefølje Administration A/S in 2018 in cooperation with J.P. Morgan Bank Luxemburg as depositary bank and global custodian.