A $440 Billion Pension Market Sounds Alarm as Liabilities Swell
- Danish funds seek review of formula for liability calculation
- Denmark is home to one of world’s top ranked pension markets
Photographer: John MacDougall/AFP via Getty Images
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Back in 2012, the world’s best-managed pension market was thrown a lifeline by the Danish government to help contain liabilities. That was when interest rates were still positive.
Seven years later, with rates now well below zero, even Denmark’s $440 billion pension system says the environment has become so punishing that it may be time for a change in European rules.