Copenhagen-based Dkr15bn (€2bn) financial sector pension fund plans to offer a new defined contribution solution to its members.

Members of the existing pension fund, the Finanssektorens pensionskasse (FSP), will be able to move one third of their assets into a range of 10 to 20 investment funds of their choice under the defined contribution structure. The move reflects a growing demand from employees in the financial sector to have greater control over their investments, said the fund.