What is SP?

In 1999, the Special Pension Savings Scheme (SP) replaced the Temporary Pension Savings Scheme (in Danish Midlertidig Pensionsopsparing), which was established in 1998. In the SP Scheme, all Danish pay earners contribute 1% of their income. From the very beginning, SP has been administered and managed by the Danish Labour Market Supplementary Pension Scheme (ATP) and the account holders have had no influence on the choice of investment manager.

As of 1 January 2005, the individual account holders in SP will have three options, and may choose to:

• let ATP invest the SP capital as previously;
• invest the capital in various collective investment schemes chosen by him/her; or
• transfer his/her SP account to a pension fund.

The new options were passed by the Danish Parliament in 2003. The Act is based on work by a committee – the so-called Bremer Committee – whose purpose was to investigate the scope for providing citizens with greater influence on the investment and management of their pension capital, including the capital in SP.

As regards SP, the term SP Option Scheme means a scheme where the account holders invest capital in various collective investment schemes of their choice. As a result of the option for investment of capital provided by the SP Option Scheme, an account holder may choose his/her investment profile based on his/her approach to risk-taking, investment time frame, etc.

After 1 January 2005, ATP will continue to be in charge of managing the SP accounts for the account holders who choose not to transfer their SP accounts to another pension fund but to let them continue with ATP.

Contact information

SP-Valg
Nikolaj Plads 6
Postbox 1040
1007 København K

E-mail: spvalg@nasdaqomx.com
Phone: +45 33 77 03 85 / +45 33 77 03 84
Fax: +45 33 12 86 13

Agreement documents

Cooperation Agreement
Clarification for participation
Executive Order ATP
Registration Form
Legal Proceedings Clause
Auditors' Opinion
Guidance to completion of Appendix 6
Cross-border activities