Danish pension fund association Forsikring & Pension has announced that it is expanding its board from 18 to 20 members.

Following its general meeting and board meeting on 17 November, the board also agreed on a new model for voting at general meetings.

Forsikring & Pension said that these changes were made to ensure a more balanced reflection of the membership among small and large members.

The adjustments will take effect from the association’s next general meeting.

Alongside these changes, Forsikring & Pension also held its board elections, with Industriens Pension CEO, Laila Mortensen, re-elected as chair of the association.

Alm Brand Group managing director, Rasmus Werner Nielsen, was re-elected as vice chair, while AP Pension CEO, Bo Normann Rasmussen, was re-appointed as deputy chair.

“I am pleased with the great support for the entire chairmanship, and I look forward to the strong cooperation in the board for the benefit of both our joint industry and the society we are a part of,” said Mortensen.

“In recent years, we have carried out a large and important work in Forsikring & Pension with the modernisation of e.g. our membership model and organisational setup with a view to ensuring the best possible reflection of our membership - and our similarities and differences.

“We also contribute to that with the joint decision to expand the board.”

At the annual meeting, Forsikring & Pension called on the incoming Danish government to put greater focus on ensuring good framework conditions for the financial sector, so it can continue to be a “growth engine” for Denmark in the future.

It urged the incoming government to set up a growth team for the financial sector.

"The insurance and pension industry's main role is to create security in everyday life, but at the same time we are a crucial prerequisite for creating growth, prosperity and jobs across the country,” commented Forsikring & Pension CEO, Kent Damsgaard.

“We need to have this perspective to a much greater extent, and an obvious start would be for the future government to set up a growth team for the financial sector.

"When it comes to political framework conditions for the insurance and pension industry, they all too often consist of special taxes and new unnecessary detailed regulation.

“This approach is detrimental to the ordinary insurance and pension customer, but also a hindrance to how the industry can help support growth and development in society at large.

"Not many industries have such direct contact with virtually the entire population and with all companies in Denmark.

“Therefore, I also hope that a new government and the new parliament will to an even greater extent have an eye for how we can contribute to development and new growth – both in our own industry and by virtue of the great role we play for the rest of society.”

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